Chapter 7: Subsidiary Books – II March 18, 2024 Maven Leave a Comment Welcome to the Chapter 7: Subsidiary Books – II Quiz! This quiz is based on the book back questions. Name Email 1. In Triple column cash book, the balance of bank overdraft brought forward will appear in: Cash column debit side Cash column credit side Bank column debit side Bank column credit side None 2. Cash book is a: Subsidiary book Principal book Journal proper Both Subsidiary book and Principal book None 3. The balance in the petty cash book is: An expense A profit An asset A liability None 4. When a firm maintains a simple cash book, it need not maintain: Sales account in the ledger Purchase account in the ledger Capital account in the ledger Cash account in the ledger None 5. The cash book records: All cash receipts All cash payments Both a and b All credit transactions None 6. If the debit and credit aspects of a transaction are recorded in the cash book, it is: Contra entry Compound entry Single entry Simple entry None 7. Which of the following is recorded as a contra entry: Withdrew cash from bank for personal use Withdrew cash from bank for office use Direct payment by the customer in the bank account of the business When bank charges interest None 8. Small payments are recorded in a book called Cash book Purchase book Bills Payable book Petty cash book None 9. Petty cash may be used to pay: The expenses relating to postage and conveyance Salary to the manager Purchase of furniture and fixtures Purchase of raw materials None 10. A cash book with discount, cash and bank column is called Simple cash book Double column cash book Three column cash book Petty cash book None Time's up Related Posts:Chapter 6: Subsidiary Books – IChapter 3: Books of Prime EntryChapter 1: Introduction to Micro EconomicsChapter 2. Consumption Analysis
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