The Cash Book
Quiz by Guerline Joseph
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10 questions
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- Q1Which source document(s) is recorded in the cash book?receipts and paymentsvouchersdebit notecredit note30s
- Q2Which of the following statement is true?The cash book is both a journal and a ledgerThe cash book records small paymentsThe cash book records cash transactionsIt records cash and credit transactions30s
- Q3Which of the following is recorded on the debit side of the cash book?Discount allowedDiscount receivedBank paymentsCash payments30s
- Q4What is another term used for the folio column within a cash book?Discount allowedPost refBalanceDiscount received30s
- Q5This encourages the customer to purchase goods in bulks.Cash discountDebit noteTrade discountCredit note30s
- Q6If the customer is given a discount this is recorded under the _________ account.cashdiscount receiveddiscount allowedbank30s
- Q7The total of the discount received is recorded on the _________ side of the general ledger.debitcredit30s
- Q8The Cash Book, BANK COLUMNS, shows $5,125 debit and $5,950 credit. How should the balance of the Bank account be described?$825 available balance$825 undersubscribed$825 overdrawn$825 on account30s
- Q9In which of the following books of original entry are cash discounts recorded?Two-Column Cash BookJournalPetty Cash BookThree-Column cash book30s
- Q10
A purchase discount is recorded in a general ledger account called
discount received
discount allowed
30s