CBSE Questions for Class 9 Elements Of Book Keeping And Accountancy Recording And Posting Of Cash Transactions Quiz 8 - MCQExams.com

Jornal entry for recording wages expense in petty cash book is __________.
      Wages A/c        Dr.
              To Petty Cash A/c.
  • True
  • False
Journal entry on submission of accounts by the petty cashier is :-
          Petty Cash A/c               Dr.
                To Expenses A/c 
  • True
  • False
The balance in petty cah book represents ____________ .
  • expenses
  • net income
  • cash-in-hand with petty cashier
  • none of the above
A____ serves the purpose of both journal and ledger accounts.
  • Journal proper
  • Purchase day book
  • Cash book
  • Any of the above
Drawing is a type of _______________.
  • Expense
  • Withdrawal of capital
  • Income
  • None of the above
Excess of bank withdrawal over bank deposits __________.
  • Overdraft
  • Cash balance
  • Bank balance
  • Loan
A petty cash book which had many sub-columns on payment side for recording expenses which are repetitive in nature, e.g. postage and telegrams, printing & stationery, carriage & cartage, sundry expenses, etc. is called analytical/columnar petty cash book.
  • True
  • False
Purchase of machinery for business on cash is recorded in ____________.
  • Purchase Journal
  • General journal
  • Cash book
  • Balance Sheet
Double column cash book records transaction relating to __________ and ___________.
  • Purchase, Sales
  • Cash, Credit
  • Cash, Bank
  • Purchase, Return
Day-to-day cash transactions of club are recorded in __________.
  • Receipts and Payments account
  • Income and Expenditure account
  • Cash book
  • None of these
In double column cash book, when does contra entry arises?
  • Withdrawal of cash from bank
  • Payment to Creditors.
  • Withdrawl of cash from bank for personal use
  • All of the above
Which of the following Cash Book is treated as a 'Cash Account' ?
  • Single-column Cash Book
  • Two-column Cash Book
  • Three-column Cash Book
  • Petty-Cash Book
Book in which small payments are recorded is ____________.
  • Petty Cash Book
  • Double column cash book
  • Journal proper
  • None of the above
Cash cannot be misappropriated by ____________.
  • Omitting to enter any cash which has been received
  • Entering less amount than what has been actually received
  • Making fictitious entries on the receipts side of cash book
  • Making fictitious entries on the payments side of the cash book
____________recorded in cash book.
  • Rs. 5000 received from Rahul
  • Rs. 6500 paid to Gopal
  • Loan of Rs. 51000 taken from Bank
  • All of three
_________ is the book which is used for the purpose of recording the payment of petty cash expenses.
  • Cash book
  • Bank book
  • Petty cash Book
  • Miscellaneous Expenses Book
Select the most appropriate alternative from those given below and rewrite the sentence.
Transactions related to Cash and Bank A/c are entered in _________ voucher.
  •  Purchases
  • Sales
  • Contra
  • Payment
Cash purchase of trading goods is initially recorded in _______.
  • purchase day book
  • cash book
  • directly in Purchase A/c
  • any of the above three
Entry for trade discount always appears in the books of account.
  • True
  • False
Which of these items are taken into consideration for preparing adjusted cash book?
  • Cheque issued by not paid
  • Cheque deposited but not cleared
  • Wrong totalling of pass book
  • Mistake in Cash book
Endorsed cheques are always recorded on the payment side in the bank column.
  • True
  • False
While adjusting the cash balance which one of the following is not taken into account?
  • Payment directly received by bank as per instructions
  • Payment directly made by the bank as per standing instructions
  • Mistake in cash book
  • Mistake in pass book
Cheque received and deposited into bank on the same day is a contra entry.
  • True
  • False
Which of the following is/are advantages of the imprest system? 
  • It saves the time of the chief cashier.
  • It reduces the chances of misuse of cash by the petty cashier.
  • It enables a great saving to be effected in the posting of small items to the ledger accounts.
  • All of the above
Which of the following books is used to record purchase of the machinery by cash ? 
  • Cash book
  • Purchases book
  • Journal proper
  • Purchases returns book
Which of the following type of discount is not considered in accounts?
  • Trade discount
  • Special discount
  • Cash discount
  • None of the above
________will have a normal credit balance?
  • Purchases
  • Sales Returns and Allowances
  • Freight-in
  • Discount received
Bank A/c will have _____.
  • Debit Balance
  • Credit Balance
  • Nil
  • Bebit or Credit balance
The petty cashier generally works on ______system. 
  • Balancing
  • Accrual
  • Matching
  • Imprest
The advantages of imprest system of petty cash include:
The main (or head) cashier is relieved of maintaining record of petty payments
Small payments are not stuffed in the main cash book.
Complete and reliable check is maintained on small items of expenses
It is automatically balanced.
  • $$1, 2$$ and $$4$$
  • $$1, 2$$ and $$3$$
  • $$2, 3$$ and $$4$$
  • $$2$$ and $$4$$
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Practice Class 9 Elements Of Book Keeping And Accountancy Quiz Questions and Answers