CBSE Questions for Class 9 Elements Of Book Keeping And Accountancy Recording And Posting Of Cash Transactions Quiz 2 - MCQExams.com

In double column cash book, one is for cash and other is the ___________ column.
  • Credit 
  • Bank
  • Discount
  • All of the above
Cash book is a _______( journal).
  • Subsidiary 
  • Purchase 
  • Sales 
  • Purchase and Sales Return
Cash book records transactions relating to receipts and payments.
  • True
  • False
Cash received in entered on the debit side of cash book.
  • True
  • False
Amount of discount deducted from invoice price is called a __________.
  • cash discount
  • trade discount
  • quality discount
  • all of the above
Person who maintains petty cash book __________.
  • Cashier
  • Petty maintainer
  • Petty cashier
  • None of the above
Cash column of cash book can never have _______ balance.
  • Credit
  • Debit
  • Zero
  • None of the above
Imprest system of Petty Cash book is system in which head cashier first estimates the total petty expenses of a particular period say month or fortnight and estimated amount is given to petty cashier in advance to meet petty expenses of particular period.
  • True
  • False
Cash book in which the payment side is ruled in suitable columns is ____________.
  • Petty cash book
  • Imprest cash book
  • Analytical cash book
  • None of the above
State true of false :
Cash discount is not recorded in the books of accounts. 
  • True
  • False
An allowance given by receiver of the cash to the giver of cash at the time of payment is known as _____________ .
  • Cash Discount
  • Credit Discount
  • Trade Discount
  • Quality Discount
Entry which is to be recorded on the receipt side as well as payment side of cash book _____________.
  • Adjustment entry
  • No entry
  • Contra entry
  • Transfer entry
Credit transactions are never recorded in cash book.
  • True
  • False
Simple petty cash book is not very popular.
  • True
  • False
Cash account/ book is prepared on ________.
  • Accrual Basis
  • Receipt Basis
  • Both Basis
  • Either A or B
A cheque received and deposited in the bank on the same day is recorded in the ______________.
  • Cash column of the cash book
  • Bank column of the cash book
  • Credited in the cash book
  • Debited in the cash book.
Direct deposit made by customer into your bank is recorded on the ______ side of the cash book.
  • Payment
  • Credit
  • Receipt
  • Both
A cash book is both a journal as well as ledger.
  • True
  • False
Total of payments side can be greater than total of receipts side in case of bank column.
  • True
  • False
It is not necessary to record dishonour of cheques in the cash book.
  • True
  • False
Cash discount allowed is recorded on the debit side of cash book.
  • True
  • False
Cash book is a book of original entry.
  • True
  • False
Additional cash introduced in business is recorded in ______.
  • Purchase book
  • Cash book
  • Journal proper
  • Return inward book
An entry recorded on both sides of cash Book is known as _______ entry.
  • Opening
  • Rectifying
  • Transfer
  • Contra
Closing balance of cash book is _____________ balance.
  • Debit
  • Credit
  • Zero
  • Either (A) or (C)
Petty cash vouchers are used to record entries on the debit side of the petty cash book.
  • True
  • False
Only withdrawal slip is used by the account holder for withdrawal of cash from the bank.
  • True
  • False
Prepaid insurance is nominal account.
  • True
  • False
Petty cash may be used to pay ______________________.
  • The expenses relating to passages and conveyance
  • Salaries and wages to the manual staff
  • For the purchase of furniture and fittings
  • None of these.
Double entry of which of the following transactions is completed in the Cash Book itself _______________.
  • Paid rent by cheque
  • Withdrew from bank for personal use
  • A cheque received from a customer deposited into bank on the same day
  • Cash deposited into the bank
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Practice Class 9 Elements Of Book Keeping And Accountancy Quiz Questions and Answers