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Accountancy
Commerce
Economics
Statistics
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Question-1
When a firm maintain a cash book, it need not maintain
(A)
Journal proper
(B)
Purchases journal
(C)
Sales Journal
(D)
Bank and cash account in the ledger.
Question-2
Cash book may be divided into two parts viz, ______ and _______.
(A)
Debit side and credit side
(B)
Cash receipts and cash payments
(C)
None of these
(D)
All of these
Question-3
Discount received is a _________ to the firm.
(A)
Profit
(B)
Loss
(C)
Gain
(D)
None of these
Question-4
Which of the following source document is used for recording purchases returns journal.
(A)
Invoice of supplies
(B)
Credit note
(C)
Debit note
(D)
None of these
Question-5
Under _________ system, a fixed amount is advanced to the petty cashier at the beginning of the period by the main cashier.
(A)
Petty cash
(B)
Ordinary
(C)
Imprest system
(D)
None of these
Question-6
In cash Book, all receipts of cash are recorded on _________ side.
(A)
Credit
(B)
Debit
(C)
Unaffected
(D)
Both side
Question-7
Spot out the odd one and state reason
(A)
Cash a/c
(B)
Cash book
(C)
Purchase book
(D)
Sales book
Question-8
Bank charges are recorded on the ___________ side of double column cash book.
(A)
Payment
(B)
Receipt
(C)
Both of these
(D)
None of these
Question-9
____________ book is meant for recording all return of good purchased on credit.
(A)
Purchase returns book
(B)
Sales returns book
(C)
Bills receivable book
(D)
Bills payable book
Question-10
The process of keeping separate books of original entry record the transaction of similar nature is known as
(A)
Cash book
(B)
Sub-division of journal
(C)
Journal
(D)
Ledger
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Plus 1 Commerce
Tamil Nadu (English Medium)
Practice in Related Chapters
Introduction to Accounting
Conceptual Frame work of Accounting
Basic Accounting Procedures I - Double Entry System of Book-Keeping
Basic Accounting Procedures II- Journal
Basic Accounting Procedures III- Ledger
Subsidiary Books I- Cash Book
Bank Reconciliation Statement
Trail Balance and Rectification of Errors
Capital and Revenue Transactions
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