Double Column Cash Book

Q.

A credit balance in cash book indicates ___.

1. Bank Overdraft

2. Bank Underdraft

3. Bank Balance

4. Cash at bank

Q.

What are the four types of cash books?

Q.

What are the disadvantages of the petty cash book?

Q.

Office cash deposited into bank is recorded on ___ side of double columnar cash book.

1. Debit side & the credit side

2. Credit side

3. None of the above

4. Debit side

Q.

An entry which is made on both sides of a cash book is called ___.

1. Cash Entry

2. Payments Entry

3. Compound Entry

4. Contra Entry

Q. Double column cash book is meant for recording all transactions.

1. cash and credit
2. cash
3. bank
4. cash and bank

Q.

Which transactions are recorded in the cash book?

Q.

A cash book with cash & bank column is commonly referred as

1. Two Column Cash Book

2. Three Column Cash Book

3. Cash Book

4. Petty Cash Book

Q.

What is petty cash book? Write the advantages of the petty cash book.

Q.

Are debits or credits listed first in journal entries? Are debits or credits indented?

Q.

Who prepares the cash book?

Q.

What is recorded in the cash book?

Q. A cash book with cash and bank column is commonly referred as .

1. Two column cash book
2. Cash and bank book
3. Petty cash book
4. Compound cash book

Q.

State any four essential features of cash book.

Q.

How do promissory notes work?

Q.

Two columnar cash book is meant for recording ______.

1. Only cash receipts

2. All cash transactions

3. All cash & bank transactions

4. Only cash payments

Q.

Is imprest a type of petty cash book?

Q.

Are ledger accounts balanced?

Q.

How is petty cash an asset?

Q.

Where does petty cash come from?

Q. A bank pass book is a copy of :

1. The cash column of a customer's cash book.
2. The bank column of a customer's cash book
3. The customer's account in the bank's ledger.
4. None of these

Q. While posting in cash payment journal ___________________.

1. Only the individual accounts are posted
2. Only the individual accounts are credited and there is no need to post the total of the cash column
3. The individual accounts are debited and also the total of the cash column is credited
4. Only individual accounts are credited and the total of the cash column is debited

Q. Which of the following accounts will be credited, when the goods are purchased for cash?

1. Stock Account
2. Cash Account
3. Supplier's Account
4. Work in progress Account

Q. Double entry in cash book is completed when _________________.

1. Deposited cash into bank
2. Salaries are paid by cheque
3. Withdrawal of money from bank for personal use
4. None of these

Q.

What does favourable balance in passbook indicates?

Q.

How do you record income and expenses?

Q. Purchases book was overcast by RS. 300

Q. Cash and bank accounts are not prepared when double column cash book is maintained.

1. True
2. False

Q. Answer in one sentence only :

Give the meaning of Bank Book.

Q. Cash book does not record transaction of _____________.

1. Cash nature
2. Credit nature
3. None of these
4. Cash and credit nature