MCQS ON CASHBOOK
1. Which of the following is not a type of cashbook?
a) Single column cashbook
b) Double column cashbook
c) Triple column cashbook
d) Octuple column cashbook
The correct answer is e) Octuple column cashbook.
2. In a double column cashbook, the first column is used for recording:
a) Cash transactions only
b) Credit transactions only
c) Cash and credit transactions
d) Bank transactions only
The correct answer is a) Cash transactions only.
3. The purpose of using a petty cashbook is to record:
a) All cash transactions of a business
b) Small cash expenses
c) All credit transactions of a business
d) Large cash expenses
The correct answer is b) Small cash expenses.
4. When a dishonored check is recorded in the cashbook, which of the following accounts will be credited?
a) Bank account
b) Cash account
c) Customer's account
d) Dishonored check account
The correct answer is b) Cash account.
5. If the bank column of the cashbook shows a credit balance, it means:
a) Bank overdraft
b) Bank balance available for withdrawal
c) Bank balance available for deposit
d) Cash balance
The correct answer is b) Bank balance available for withdrawal.
6. The cashbook balance is the same as the balance of which account?
a) Cash account
b) Bank account
c) Petty cash account
d) Creditors account
The correct answer is b) Bank account.
7. What is recorded in the discount column of a cashbook?
a) Cash received from debtors
b) Cash paid to creditors
c) Cash discount allowed to debtors
d) Cash discount received from creditors
The correct answer is c) Cash discount allowed to debtors.
8. When preparing a bank reconciliation statement, outstanding checks are added to the:
a) Bank balance
b) Cash balance
c) Cash book balance
d) Bank statement balance
The correct answer is b) Cash balance.
9. The purpose of using a triple column cashbook is to include an additional column for recording transactions related to:
a) Bank reconciliation
b) Trade discounts
c) Discount allowed and discount received
d) Credit sales and credit purchases
The correct answer is c) Discount allowed and discount received.
10. A contra entry is recorded in the cashbook when:
a) Cash is deposited into the bank
b) Cash is withdrawn from the bank
c) Cash is transferred from the bank to the cash drawer
d) Cash is transferred from the cash drawer to the bank
The correct answer is c) Cash is transferred from the bank to the cash drawer.
11. The cashbook is a subsidiary book of accounts that records transactions related to:
a) Sales and purchases
b) Cash and bank
c) Debtors and creditors
d) Capital and revenue
The correct answer is b) Cash and bank.
12. What is the purpose of a cashbook in accounting?
a) To record all cash transactions
b) To record credit transactions
c) To record only bank transactions
d) To record non-cash transactions
The correct answer is a) To record all cash transactions.
13. What type of cashbook is used to record cash transactions along with a discount column?
a) Single column cashbook
b) Double column cashbook
c) Triple column cashbook
d) Bank column cashbook
The correct answer is b) Double column cashbook.
14. Which of the following transactions would be recorded in the cashbook?
a) Purchase of machinery on credit
b) Sale of goods on credit
c) Payment of rent in cash
d) Payment of salary by check
The correct answer is c) Payment of rent in cash.
15. What type of cashbook is used to record cash and bank transactions along with a discount column?
a) Single column cashbook
b) Double column cashbook
c) Triple column cashbook
d) Quadruple column cashbook
The correct answer is d) Quadruple column cashbook.
16. Which of the following accounts will be debited when cash is withdrawn from the bank?
a) Bank account
b) Cash account
c) Drawings account
d) Capital account
The correct answer is b) Cash account.
17. If a check received from a debtor is dishonored, what will be the journal entry?
a) Debit Cash, Credit Debtors
b) Debit Debtors, Credit Cash
c) Debit Dishonored Checks, Credit Debtors
d) Debit Debtors, Credit Dishonored Checks
The correct answer is c) Debit Dishonored Checks, Credit Debtors.
18. The balance shown in the cashbook is:
a) Always equal to the bank balance
b) Always equal to the cash balance
c) Sometimes equal to the bank balance
d) Sometimes equal to the cash balance
The correct answer is d) Sometimes equal to the cash balance.
19. In a triple column cashbook, the two extra columns are used for:
a) Recording cash and bank transactions
b) Cash discount allowed and discount received
c) Trade discount and cash discount
d) Recording cash and trade discount
The correct answer is b) Cash discount allowed and discount received.
20. Which of the following accounts will be credited when cash is deposited into the bank?
a) Bank account
b) Cash account
c) Drawings account
d) Capital account
The correct answer is a) Bank account.
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MCQS on Cashbook|JKSSB| ACCOUNTANCY,CLASS 11TH ,FAA
ACCOUNTANCY
@jkssbwallah.com
ReplyDeleteKindly check question number 20, when cash is deposited into the bank. The journal entry for this transaction is.
Bank a/c . Dr
To cash account.
But you have mentioned bank account will be credited, kindly check.