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Standard XII
Accountancy
Receipts and Payments Account
Which of the ...
Question
Which of the following is/are features of cash book ?
A
All cash transactions are recorded chronologically in the cash book.
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B
It records only one aspect of transaction i.e cash.
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C
It performs the functions of both journal and ledger at the same time .
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D
All of the above
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Solution
The correct option is
D
All of the above
The features of cash book is it performs the functions of both journal and ledger
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Similar questions
Q.
Which of the following statements is/are true?
(i) Cash book records all cash receipts and cash payments.
(ii) Cash book records all sale and purchase transactions of goods both in cash and on credit.
(iii) Cash book records discount on cash payments
Select the correct answer from the options given below :-
Q.
If the debit and credit aspects of a transaction are recorded in the cash book it is a:
Q.
Transactions affecting cash balance only are recorded in the books of accounts.
Q.
A transaction recorded on the credit side of cash book is transferred to the ledger _______________.
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A transaction recorded on the debit side of cash book is transferred to the ledger _________________.
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Receipts and Payments Account
Standard XII Accountancy
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