CBSE Questions for Class 9 Elements Of Book Keeping And Accountancy Recording And Posting Of Cash Transactions Quiz 7 - MCQExams.com

Salary paid in cash - Rs $$50,000$$ will be recorded in ____________.
  • General Journal
  • Cash Book
  • Purchases Return Book
  • Purchase Book
Accounting for recovery from Mr. C of an amount of Rs $$2,000$$ earlier written off as bad debt will be recorded in _____________.
  • Sales Book
  • Purchase Book
  • Journal Proper(General Journal)
  • Cash Book
Returns of goods sold for cash Rs. 500 to Ram are recorded in ______.
  • Sales Book.
  • Sales Returns Book.
  • Journal Proper.
  • Cash Book.
Which of the following is a cash transaction?
  • Sold goods
  • Sold goods to Ram
  • Sold goods to Ram on credit,
  • Sold goods to Ram on account.
Small payments are recorded in a book called _____________.
  • Cash book
  • Small payments book
  • Purchase book
  • Petty cash book
Investment was sold in cash for Rs $$1,00,000$$ at par will be recorded in ____________.
  • Cash book
  • General Journal
  • Purchases return book
  • Purchase book
Cash sales for Rs $$5,00,000$$ will be recorded in __________.
  • Ledger
  • Cash Book
  • General Book
  • Sales Book
Cash book is a form of _____________.
  • Trial balance
  • Ledger
  • Journal
  • All of the above
Where two aspects of transaction are posted in the cash book, such an entry is called _______________.
  • Double entry
  • Debit entry
  • Credit entry
  • Contra entry
Imprest amount = Rs.What will be the amount of reimbursement if the  following expenses were incurred by the petty cashier during the month? Expenses incurred - Telephone = Rs. 150, Tiffin = Rs. 50, Small repairs = Rs. 30 General expenses = Rs. 100. 
  • 300
  • 170
  • 330
  • 270
Cheques received but deposited on the next day are recorded in:
  • Cash column of the cash book
  • Bank column of the book
  • Both of these
  • None of these
Debiting the petty cash book with the exact amount spent in the previous period is an example of _______________.
  • Contra entry
  • Imprest system
  • Going concern
  • Prudence
Petty cash fund is supposed to be replenished at ________________. 
  • Every day
  • Every half year
  • Every Year
  • At the end of every accounting period
Postage stamps purchased for Rs. 30 by business. This transaction will be recorded in ________________.
  • Purchase book
  • Cash book
  • Petty cash book
  • Journal
In petty cash book, the system followed ______________.
  • Accrual system
  • Imprest system
  • Cash system
  • None of these
The balance in the petty cash book is ___________.
  • An expense
  • A profit
  • An asset
  • A revenue
If the debit and credit aspects of a transaction are recorded in the cash book it is a:
  • Contra entry
  • Simple entry
  • Double entry
  • Single entry
Which of the following statement is false?
The petty cash book  ____________. 
  • Is a book of prime entry
  • Records cheques paid and received
  • Is written up using petty cash receipts and petty cash vouchers
  • Records cash received and paid

The primary book wherein the money received from head cashier and the amount of expenditure for a particular period of an organization are recorded in chronological order of dates in separate money columns of both sides, is called ______________  cash book.
  • Analytical Petty cash book
  • Columnar petty cash book
  • Imprest petty cash book
  • Single column cash book
Petty cash book is considered as memorandum book.
  • True
  • False
When Petty Cash is advanced to the Petty Cashier, the main cashier will record it on the debit side of Cash Book.
  • True
  • False
Which of the following transactions should be entered in petty cash book?
  • Salary payments
  • Stock issued
  • Subscriptions
  • Travelling expenses
On April 1st 2017, Rs. 1,000 given to petty cashier, he has spent Rs. 860 during the month of April. On June 1st to make the imprest he will receive the cheque for Rs. __________.
  • Rs. 1,000
  • Rs. 860
  • Rs. 1,860
  • None

There has been a break-in at your office and money has been stolen from the petty cash tin, which now contains only 37 rupees in coins. There are petty cash vouchers in the tin for the month to date totaling Rs.237.The petty cash book shows that at the start of the month, there was a balance of Rs.74.50 in petty cash, and that on the first day of the month the petty cash balance was increased to Rs.400, under an imprest system. How much money has been stolen from petty cash?
  • Rs. 162.22
  • Rs. 162.96
  • Rs. 236.72
  • Rs. 637.04
Petty cashier records petty cash received on debit side.
  • True
  • False
In analytical petty cash book, for what purpose separate column is provided?
  • To record particular item of expenditure.
  • To record particular item of receipts.
  • Both (a) and (b)
  • None of the above.
Which among the following are advantages of Imprest Petty Cash Book ? 
  • Labor Minimization
  • Determination of expenses
  • Control over petty expenses
  • All of the above
The following is the summary of the petty cash transactions for a week:
Income - Opening Balance - Rs. 500; Sale of Stamps - Rs. 10; Sale of Paper - Rs. 50
Expenditure - Travelling expenses - Rs. 150; Subsistence expenses - Rs. 250
Petty cash is maintained using the imprest system.
What sum should be reclaimed by the cashier at the end of the week ?
  • Rs.150
  • Rs. 340
  • Rs. 400
  • Rs. 500
Journal entry for cash handed over to the petty cashier is :-
         Petty Cash A/c        Dr.       
            To Cash A/c
  • True
  • False
Total of the total payment column in the petty cash book is ________ to petty cash account.
  • debited
  • credited
  • deducted
  • none of these
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Practice Class 9 Elements Of Book Keeping And Accountancy Quiz Questions and Answers