Cash Book

Q.

Name three components of a Transaction Processing System.

Q. Cash received from debtors is recorded in the book.

1. sales
2. cash
3. purchase
4. sales return

Q.

Cash book records ___

1. Neither cash payments nor cash receipts

2. Cash Payments

3. Cash Receipts

4. Cash Payments & Cash Receipts

Q.

Payment of rent expenses is recorded on which side of cash book?

1. Payments

2. Incomes

3. Expenses

4. Receipts

Q.

Cash purchases is recorded in which of the following specialised book?

1. Purchase Return Book

2. Purchase Book

3. Sales Book

4. Cash Book

Q.

How is the entrance fees treated In the case of an NPO?

Q. Cash receipts and cash payments are recorded in book.

1. cash
2. sales
3. cash and sales
4. cash and purchase

Q.

Business paid rent amounting to Rs 1000, which of the following special journals shall record this transaction?

1. Purchase Book

2. Cash Book

3. Purchase Return Book

4. Sales Book

Q.

When goods are returned by customer for whom cash is paid is recorded in ____ book

1. Sales return Book

2. Both A & C

3. Sales Book

4. Cash book

Q.

Cash received from debtors is recorded in which of the following specialised book?

1. Purchase Book

2. Sales Book

3. General Journal

4. Cash Book

Q.

What is the difference between cash in hand and petty cash?

Q.

Give the similarities of cash book with a ledger.

Q.

Which of the following is a type of Cash Receipt Journal + Cash Payments Journal?

1. Bank Statement

2. Cash Book

3. Statement of Cash Flow

4. Cash Documents

Q.

What is the journal entry for expenses?

Q.

As an employee, a common way to get funds from Petty Cash is to:

1. Request a check from the accounting department

2. Make an unauthorized purchase

3. Go in the supervisor's drawer and take it

4. Pay for an authorized item with your own cash and bring a receipt for reimbursement

Q.

How do you account for petty cash?

Q.

what is promissory note and give its eg? give its features

Q. Answer in one sentence only :

What is a cash book?

Q. What is parts pet million?

Q. ACID properties transaction is _________________.

1. Atomicity
2. Consistency
3. Isolation
4. All of the above