Tag: meaning and advantages of cash book

Questions Related to meaning and advantages of cash book

Purchase of furniture on cash forĀ  Rs $1,50,000$ will be recorded in _____________.

  1. Sales Book

  2. Purchase Book

  3. General journal

  4. CashBook


Correct Option: D

An allowance of Rs $50$ was offered for an early payment of cash of Rs $1,050$. It will be recorded in ____________.

  1. Sales Book

  2. Purchase Book

  3. Journal Proper(General Journal)

  4. Cash Book


Correct Option: D

Received cash of Rs $2,00,000$ from debtors for settlement of credit sales will be recorded in ______________.

  1. Sales Book

  2. Purchase Book

  3. Journal Proper (General Journal )

  4. Cash Book


Correct Option: D

_______are passed for rectifying errors which might have committed in the books of account.

  1. Transfer Entries

  2. Adjustment Entries

  3. Rectification Entries

  4. Opening Entries


Correct Option: C

Rs $3,50,000$ cash paid to creditors for settlements of credit purchases will be recorded in _______________.

  1. Sales Book

  2. Purchase Book

  3. Journal Proper (General Journal)

  4. Cash Book


Correct Option: D

Sold furniture on cash for Rs $1,50,000$ will be recorded in ______________.

  1. Sales Book

  2. Purchase Book

  3. Journal Proper (General Journal)

  4. Cash Book


Correct Option: D

Salary paid in cash - Rs $50,000$ will be recorded in ____________.

  1. General Journal

  2. Cash Book

  3. Purchases Return Book

  4. Purchase Book


Correct Option: B

Purchase of Machinery by Mr. X, a dealer in machinery for 100000 is recorded in _______________.

  1. Cash Book.

  2. Sales Book.

  3. Purchases Book.

  4. Journal Proper.


Correct Option: A

Investment was sold in cash for Rs $1,00,000$ at par will be recorded in ____________.

  1. Cash book

  2. General Journal

  3. Purchases return book

  4. Purchase book


Correct Option: A