CBSE Questions for Class 9 Elements Of Book Keeping And Accountancy Recording And Posting Of Cash Transactions Quiz 6 - MCQExams.com

A cheque is deposited with the bank is recorded as
  • Bank pass book will be credited
  • Bank pass book will be debited
  • Bank's column in cask book is debited
  • Bank's column in cask book is credited
What is an analytical petty cash book?
  • Petty cash book formed in columnar form
  • Petty cash book formed in tabular form
  • Petty cash book formed In arithmetic form
  • None of the above
An allowance of Rs $$50$$ was offered for an early payment of cash of Rs $$1,050$$. It will be recorded in ____________.
  • Sales Book
  • Purchase Book
  • Journal Proper(General Journal)
  • Cash Book
If a piece of furniture's list price is of $$28,000$$ and it is sold at 10%trade discount and 2%cash discount. The cash sale price of furniture would be ________________.
  • Rs. $$25,200$$
  • Rs. $$24,640$$
  • Rs. $$24,696$$
  • None of above
A company was entered in hire purchase agreement and had to pay Rs.1000 per month. Three payment we accounted but no entry was found in cash book. Identify the correct adjustment in cash book. 
  • Rs. 1000 will be added to cash book balance
  • Rs. 2000 will be deducted from cash book balance
  • Rs. 3000 will be added to cash book balance
  • Rs. 3000 will be subtracted from cash book balance
A General Cash book acts as a __________.
  • Journal
  • Ledger
  • Both
  • None
The imprest system pertains to ______________.
  • Purchase book
  • Cash book
  • Sales book
  • Petty cash book
In case of three column cash book, contra entry is related with _____________.
  • Cash; Discount
  • Cash; Bank
  • Bank; Discount
  • None of these
The book in which two columns are present one for cash and other for discount is ___________.
  • Sales book
  • Purchase book
  • Cash book
  • None of the above
Which of the following is correct about trade discount?
  • It is synonymous with discount?
  • It is shown by way of deduction in invoice itself
  • It is calculated on account paid or received
  • It is allowed to engage the prompt payment
Which of the following is a double column cash book?
  • One column for cash and another for bank
  • One column for cash and another for discount
  • One for bank and another for discount
  • All of the above
Which of the following statements is incorrect?
  • In emergency the Petty Cashier may give staff loans of small amounts
  • The Petty Cash Book could be either a subsidiary book or a main book of accounts.
  • Every payment made by the Petty Cashier should be supported by evidence
  • Regularly Petty Cashier is reimbursed to make up his cash balance to the imprest
In which of the book cash purchase is recorded?
  • Cash book
  • Purchase book
  • Both (a) and (b)
  • None of these
Which of the following column of the cash book is never balanced ?
  • Cash column
  • Bank column
  • Discount column
  • None of the above
When using a petty cash system, the replenishment of the fund would normally include a debit to _______________.
  • Cash.
  • Petty Cash.
  • Revenues.
  • None of the above
Rent due for the month of March will appear ___________________.
  • On the payment side of the cash book
  • On the receipt side of the cash book
  • Nowhere in the cash book
  • As a contra entry
Which of the following is type of cash receipt journal + cash payment journal?
  • Bank statement
  • Statement of cash flow
  • Cash book
  • Cash documents
Which of the following is/are features of cash book ? 
  • All cash transactions are recorded chronologically in the cash book.
  • It records only one aspect of transaction i.e cash.
  • It performs the functions of both journal and ledger at the same time .
  • All of the above
Which of the column of the cash book can have credit opening or closing balance ? 
  • Cash column
  • Bank column
  • Discount column
  • (B) & (C)
Cash purchases are recorded in _____________.
  • Purchases Book
  • Cash Book
  • Purchases Returns Book
  • Partly in Cash Book and partly in Journal Proper
Cash sales are recorded in ___________.
  • Journal proper
  • Sales Book
  • Cash Book
  • All of the above
Balance of cash column in cash book has ____________.
  • Dr. Balance
  • Cr. Balance
  • Dr. or Cr. Balance
  • None of above
Contra entries are passed only when __________________.
  • Simple cash book is prepared
  • Three-column cash book is prepared
  • Double-column cash book is prepared
  • None of the above
Payments in cash of small amounts like travelling expenses, postage, carriage, etc. are recorded in the ______________.
  • Main Cash Book
  • Petty Cash Book
  • Cash Budget
  • Journal proper
Sold furniture on cash for Rs $$1,50,000$$ will be recorded in ______________.
  • Sales Book
  • Purchase Book
  • Journal Proper (General Journal)
  • Cash Book
Purchase of furniture on cash for  Rs $$1,50,000$$ will be recorded in _____________.
  • Sales Book
  • Purchase Book
  • General Journal
  • Cash Book
If a transaction involves both cash and bank account, it is entered on both sides of the cash book, one in the cash column and second in the bank column, though on opposite sides. This is called a _____________.
  • Journal entry
  • Adjustment entry
  • Contra entry
  • Combined entry
Received cash of Rs $$2,00,000$$ from debtors for settlement of credit sales will be recorded in ______________.
  • Sales Book
  • Purchase Book
  • Journal Proper (General Journal )
  • Cash Book
Purchase of Machinery from Mr. X, a dealer in machinery for Rs. 100,000 is recorded in _______________.
  • Cash Book.
  • Sales Book.
  • Purchases Book.
  • Journal Proper.
On purchase of goods of the list of price Rs 10000 from Ram who allowed 10% trade discount and 5% cash discount for immediate payment _____________________.
  • Purchase Account to be debited with Rs 10000
  • Purchase Account to be debited with Rs 8500
  • Purchase Account to be debited with Rs 8550
  • Discount Received A/c to be credited with Rs 500
  • Discount Received A/c to be credited with Rs 450
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Practice Class 9 Elements Of Book Keeping And Accountancy Quiz Questions and Answers