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Test: Cash Book - 1


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30 Questions MCQ Test Accountancy Class 11 | Test: Cash Book - 1

Test: Cash Book - 1 for Commerce 2022 is part of Accountancy Class 11 preparation. The Test: Cash Book - 1 questions and answers have been prepared according to the Commerce exam syllabus.The Test: Cash Book - 1 MCQs are made for Commerce 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Cash Book - 1 below.
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Test: Cash Book - 1 - Question 1

The Balance of Petty Cash is :

Test: Cash Book - 1 - Question 2

 While balancing three column cash book, the discount columns are:

Test: Cash Book - 1 - Question 3

 In petty cash Book, the system followed :

Test: Cash Book - 1 - Question 4

Imprest amount – Rs. 500. What will be the amount of re-imbursement if following expenses were incurred by the petty cashier during the month-Telephone =Rs. 150, Tiffin = Rs. 50, small Repairs = Rs. 30 general expenses = Rs. 100.

Detailed Solution for Test: Cash Book - 1 - Question 4

The correct option is C.

Imprest amount=500

Expenses=Telephone expenses+tiffin+small repairs +general expenses=150+50+30+100=330

Amount of reimbursement=Amount to be paid=₹300

Test: Cash Book - 1 - Question 5

 In three column Cash Book, when does contra entry occurs?

Test: Cash Book - 1 - Question 6

 The balance in the petty cash book is

Test: Cash Book - 1 - Question 7

Small payments are recorded in a book called: 

Test: Cash Book - 1 - Question 8

Postage stamps purchased for Rs. 30 by business. This transaction will be recorded in:

Test: Cash Book - 1 - Question 9

 What rate of commission is charged by the bank issuing the credit card : 

Test: Cash Book - 1 - Question 10

Cash book is a form of : 

Test: Cash Book - 1 - Question 11

The Cash Book records 

Test: Cash Book - 1 - Question 12

 Cash book is a type of _______ but treated as a ________ of accounts. 

Test: Cash Book - 1 - Question 13

Salaries due for the month of March will appear 

Test: Cash Book - 1 - Question 14

 The total of discounts column on the debit side of the cash book, recording cash discount deducted by customers when paying their accounts, is posted to the 

Test: Cash Book - 1 - Question 15

Rent due for the month of March will appear _________of the cash book. 

Test: Cash Book - 1 - Question 16

 Cheques received but deposited on the next day are recorded in : 

Detailed Solution for Test: Cash Book - 1 - Question 16

It is treated as cash received on the date of receipt and recorded in the cash column on receipts side. When the cheque is deposited the entry for deposit will be passed on the day of depositing the cheque into bank.

Test: Cash Book - 1 - Question 17

If the debit and credit aspects of a transaction are recorded in the cash Book it is a : 

Test: Cash Book - 1 - Question 18

 What will be journal entry when cash is withdrawn from bank for personal use ?

Test: Cash Book - 1 - Question 19

Double entry in Cash Book is completed when : 

Test: Cash Book - 1 - Question 20

The Cash Book records 

Test: Cash Book - 1 - Question 21

If Ram has sold goods for cash, the entry will be recorded

Test: Cash Book - 1 - Question 22

Petty cash may be used to pay 

Test: Cash Book - 1 - Question 23

Where two aspects of a transaction are posted in the Cash Book, such an entry is called 

Test: Cash Book - 1 - Question 24

While balancing three column cash book, the discount columns are:

Test: Cash Book - 1 - Question 25

 Which of the following is the kind of a cash book?

Test: Cash Book - 1 - Question 26

Imprest received of Rs. 100 was recorded as interest paid. What will be the effect on cash balance?

Detailed Solution for Test: Cash Book - 1 - Question 26

Description: Correct Entry:
Cash A/c Dr. 100
To Interest A/c 100
( Being interest received)
Wrong Entry:
Interest A/c Dr. 100 
To Cash A/c 100
( Being interest paid)
The effect of the above wrong entry will be that cash balance will be reduced by Rs. 200.

Test: Cash Book - 1 - Question 27

 Contra entries are passed only when

Detailed Solution for Test: Cash Book - 1 - Question 27

Contra-entries are passed only when Double column cash book is prepared. The reason for making two entries is to comply with the principle of double entry.

Test: Cash Book - 1 - Question 28

Which of the following is not a column of a three-column cash book?

Test: Cash Book - 1 - Question 29

 Postage stamps purchased for Rs. 30 by business. This transaction will be recorded in:

Test: Cash Book - 1 - Question 30

 Rent due for the month of March will appear __________ in the Cash book. 

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