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.Management Sciences
Category: CASH BOOK MCQS
The closing balance of petty cash book is considered as_________?
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A. Liability
B. Asset
C. Expenses
D. Income
An entry which is made on both sides of a cash book is called__________?
A. Cash entry
B. Contra entry
C. Payment entry
D. Compound entry
Drawings by owner of business are generally recorded on which of the following side of a cash book?
A. Receipts
B. Payments
C. Incomes
D. Expenditures
A simple or one column cash book usually has which of the following main columns?
A. Bank
B. Payments
C. Discount
D. Cash
Cash book records:______________?
A. Cash payments
B. Cash receipts
C. Cash payments and cash receipts
D. Neither cash payments nor cash receipts
A cash book that is used to record the small payments of cash is generally referred as_________?
A. Simple cash book
B. Two column cash book
C. Three column cash book
D. Petty cash book
A credit balance in cash book indicates?
A. Bank balance
B. Cash at bank
C. Bank overdraft
D. Bank underdraft
Introduction capital by owner of business is recorded on which side of a cash book?
A. Receipts
B. Payments
C. Incomes
D. Expenditures
Cash discount is allowed on _______ repayment of debt.
A. Lump sum
B. Prompt
C. Actual
D. None of them
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