Test: Cash Book - 2 | 9 Questions MCQ Test

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This mock test of Test: Cash Book - 2 for CA Foundation helps you for every CA Foundation entrance exam. This contains 9 Multiple Choice Questions for CA Foundation Test: Cash Book - 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Cash Book - 2 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Cash Book - 2 exercise for a better result in the exam. You can find other Test: Cash Book - 2 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.

QUESTION: 1

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

A.
credit of the discount allowed account.
B.
debit of the discount received account.
C.
credit of the discount received account.
D.
debit of the discount allowed account.

Solution:

QUESTION: 2

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

A.
Simple column cash-book
B.
Double column cash-book
C.
Three column cash-book
D.
All of the above

Solution:

QUESTION: 3

Cash book is a type of but treated as a __ of accounts.

A.
Subsidiary book, principal book
B.
Principal book, subsidiary book
C.
Subsidiary book, Subsidiary book
D.
Principal book, Principal book

Solution:

QUESTION: 4

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

A.
Cash column
B.
Bank column
C.
Petty cash column
D.
Discount column

Solution:

QUESTION: 5

Salaries due for the month of March will appear

A.
on the receipt side of the cash book
B.
on the payment side of the cash-book
C.
as a contra entry
D.
nowhere in the cash book

Solution:

QUESTION: 6

Contra entries are passed only when

A.
double column cash book is prepared
B.
three-column cash book is prepared
C.
simple cash book is prepared
D.
None of the above

Solution:

Contra Entries

Transactions recorded in three column cash book which relates to both cash and bank account (i.e. balance of one will decrease and other will increase), such transactions are entered on both sides of the cash book and are known as Contra Entry. These types of entries require no further posting in any other account. Such entries are marked in the cash book with the letter "C" in the folio column to indicate that these are contra transactions and no further posting is required for them.

QUESTION: 7

State which of the following correctly complete the sentences given below:

Q.The Cash Book records

A.
all cash receipts
B.
all cash payments
C.
all cash receipts and payments
D.
cash and credit sale of goods.

Solution:

QUESTION: 8

State which of the following correctly complete the sentences given below:

Q.The balance in the petty cash book is

A.
an expense
B.
a profit
C.
an asset
D.
a liability.

Solution:

QUESTION: 9

State which of the following correctly complete the sentences given below:

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

A.
in the Cash Book
B.
in the Sales Book
C.
in the Journal
D.
in the Stock Book.

Solution:

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Test: Cash Book - 2

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