MCQs on "Cashbook": Find the multiple choice questions on "Cashbook", frequently asked for all competitive examinations.
Here are a few MCQs on Cashbook for your better understanding of the topic.
Q:1.
What kind of entry happens in a Cashbook?
- A. Special entry
- B. Original entry
- C. Secondary entry
- D. All of the above
Q:2.
What is an entry made on both sides of a cashbook called?
- A. Contra entry
- B. Compound entry
- C. General entry
- D. Double entry
Q:3.
On which side of the cashbook will you find the introduction of capital by the owner?
- A. Expenditure
- B. Payments
- C. Receipts
- D. Income
Q:4.
What does the balance on the debit side of the cashbook indicate?
- A. Credit balance as per the bank statement
- B. The total amount is withdrawn from the bank
- C. Total amount deposited in the bank
- D. None of the above
Q:5.
What does the balance in the cash column indicate?
- A. Credit
- B. Debit
- C. Both of the above
- D. None of the above
Q:6.
How many kinds of cashbooks are there?
- A. 4
- B. 5
- C. 2
- D. 3
Q:7.
If a company issues a cheque to pay the accounts payable, what will it be for?
- A. To increase the asset for the stakeholders
- B. To increase the assets of the company
- C. To decrease the assets and liabilities
- D. To increase the liabilities for the stakeholders
Q:8.
In which case will a transaction be treated as a contra entry?
- A. When the cash is received and deposited from the customer
- B. When the cash is withdrawn from the bank for office uses
- C. Both of the above
- D. None of the above
Q:9.
What is a petty cashbook used for recording?
- A. Payment of petty cash expenses
- B. Petty cash receipts
- C. All cash payments
- D. All of the above
Q:10.
What is a cashbook used for recording?
- A. All credit and cash sales
- B. All the transactions that happen
- C. All receipts and payments in cash
- D. All of the above
