Below are some of the most important questions/MCQs on the "Cashbook, Passbook and Other Subsidiary books in Accountancy". All questions are most likely to be asked in.
SSC, SSC CGL, SSC CHSL, UPSC, IBPS, UPPSC, RRB, RRB NTPC, RRB Group D, JKSSB, JKPSC.
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MCQS on Cashbook in Accountancy
The total of the Purchases day book is posted
periodically to the debit of
- Purchases book
- Journal Proper
- Cash book
- Sales book
A cheque of 3500 received from P. K. Jain a customer,
endorsed in favour of P. C. Jain, a supplier. It is to be recorded in _____
- Journal proper
- Bills receivable book
- Double column cashbook
- None
When furniture is sold for cash, the entry should be made
in _____.
- Journal proper
- Cashbook
- Sales book
- Petty CB
Goods sold for cash were returned by a customer but cash
was not given immediately. This is recorded in ______________
- Cashbook
- Purchase return book
- Sales return book
- Journal proper
Which document is issued by a supplier when a customer
returns goods?
- Dr Note
- Cr note
- Invoice
- Bill
Which book of prime entry is also a ledger account?
- Journal
- Ledger
- Purchase account
- Cash book
The purchase Book is also known as
- Credit book
- Debit Book
- Invoice Book
- Voucher Book
The debit balance of cash book Means?
- Plus balance
- Either Plus or Minus Balance
- Minus Balance
- NOTA
Bank Column Of Cashbook Always Shows Debit Balance?
- Yes
- NO
If the balance as per passbook is given, discount allowed
was wrongly entered in in bank column instead of discount column. In BRS the
same amount will be
- Added
- Subtracted
- None
Cash receipt of Rs.5100 was wrongly posted to credit side
bank column of cash book as Rs.510. bank balance as per cash book will be
________
- More by 510
- More by 5100
- Less by 1020
- Less by 510
Debit balance as per bank column of cashbook is
- Favourable
- Unfavourable
- Zero
- None
When a firm maintains Two-column cash book, it does not
maintain
- Purchase book
- Journal Proper
- Sales book
- Bank and cash account in ledger
Which of the following is not recorded in the cash book?
- Credit Sales
- Cash receipts
- Cash payments
- Opening cash balance
A pass book is a copy of
- Cash book relating to bank column
- Firm’s receipts and payments
- Cash book relating to cash column
- A customer’s account in the bank’s books
Total of these transactions is posted in Purchase
account?
- Purchase Return.
- Purchase of Furniture.
- Cash and credit purchase.
- Purchase of Stationary.
Balancing of account means:
- Total of Dr Side
- Total of Cr side
- Difference in total of debit and credit
- None
A periodic total of the purchases book is posted to the
- debit side of the sales account
- Credit side of the purchases account
- Credit side of the purchases account
- debit side of the purchases account
Journal proper is also called as
- Journal residual
- Purchase journal
- Day book
- Postage book
Debit notes reduce account ____ and Credit note reduces
account____
- Receivable, payable
- Payable, receivable
- Asset, expense
- Expense, asset
Sales invoices are first entered in
- Cash book
- Purchase journal
- Sales journal
- Sales account
.......is used for credit purchases and credit sales
- Cash receipt
- Debit Note
- Invoice
- Credit Note
Source document for recording entries in the sales
Journal is/ are:
- Sales invoice or bills
- Cheque
- Credit note
- Debit note
Periodically, at the end of each month the amount column
in sales journal is totalled and posted to the ____ side of the _____ account
in ledger
- Credit, sales account
- Debit, sales return account
- Credit, ledger account
- Debit, journal account
Periodically, at the end of each month the amount column
in purchase journal is totalled and posted to the ____ side of the _____
account in ledger
- Debit, purchase account
- Debit, sales account
- Credit, purchase account
- Debit, sales account
Posting from purchase journal or sales journal is done
_____ to their respective accounts in ledger
- Periodically
- Monthly
- Daily
- Weekly
Common practice to make credit note is in____
- Red ink
- Blue ink
- Green ink
- Yellow ink
Petty cash account in ledger is_____ with the amount
which is given to Petty casher.
- Debited
- Credited
- Replaced
- Reduced
Purchase journal records
- Credit purchase of Goods
- Cash purchase of Goods
- Credit purchase of Goods and assets
- Cash and credit purchase of Goods
A bearer cheque can also be called as –
1. Order Cheque
2. Closed Cheque
3. Open Cheque
4. Crossed Cheque
When the word bearer is struck off by drawing a line, the
cheque becomes an
- Struck cheque
- Order cheque
- Ordered cheque
- Not valued cheque
If you want to ensure that your money will be secured if
cheques sent are wasted in the post, you should
A) Always pay by cash
B) Cross your Cheques ‘Account Payee only, Not
Negotiable.’
C) Always get the
money in person
D) None
In case of an Account payee only crossing the amount of
the cheque can be deposited to...?
- In any Account
- Counter cash payment
- Only in Account of the person whose names appears on
the cheque
- All of the above
How many columns in double column cash book In Accountancy?
- 7
- 8
- 9
- 10
In case the debt side exceeds the credit side, the
difference is written on which side.
- Debt side
- Credit side
- Both credit and debit side
- None of side
Cheque collection charges, incidental charges interest on
overdraft, unpaid cheques are, the examples of
- Direct debits made by the bank on behalf of customer
- Cheques paid into the bank but not yet collected
- Cheques issued by bank but not yet presented for payment
- Cheques deposited/bills discounted dishonoured
Special journals are also called as:
- Subsidiary books
- Daybooks
- Both
- None
Which is not recorded in cash book?
- Depreciation
- Credit sale
- Goods Loss by fire
- All are not recorded
Credit side of cashbook denotes?
- C. Payments
- D. Receipts
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