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CONTENTS
Accountancy
Commerce
Economics
Statistics
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Question-1
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-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
The term ______ of a cheque means retiring cheque unpaid .
(A)
Dishonour
(B)
Honour
(C)
Retirement
(D)
None of these
Question-4
Double column cash book records.
(A)
All transaction
(B)
Cash and bank transaction
(C)
Only cash transaction
(D)
Only credit transaction.
Question-5
A cash book which contains only one column on amount is called
(A)
Single column cash book
(B)
Simple cash book
(C)
Both a & b
(D)
None of these
Question-6
When the cheque is issued in favour of a creditors, the creditors account is _______ and the bank account is
(A)
Debited, credited
(B)
Credited, debited
(C)
None of these
(D)
All of these
Question-7
Journal means for specific transactions of similar nature is known as
(A)
Subsidiary books
(B)
Ledger
(C)
Special Journal
(D)
None of these
Question-8
Cash discount is allowed to customers for making
(A)
Correct payment
(B)
Prompt payment
(C)
Both a or b
(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
A cash book which contains three columns of amount column each side is called ________ cash book.
(A)
Single column
(B)
Double column
(C)
Triple column
(D)
None of these.
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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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