# Test: Cash Book - 1

## 30 Questions MCQ Test Crash Course of Accountancy - Class 11 | Test: Cash Book - 1

Description
Attempt Test: Cash Book - 1 | 30 questions in 30 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study Crash Course of Accountancy - Class 11 for CA Foundation Exam | Download free PDF with solutions
QUESTION: 1

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QUESTION: 2

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QUESTION: 3

### In petty cash Book, the system followed :

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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.

Solution:

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

QUESTION: 5

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

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QUESTION: 6

The balance in the petty cash book is

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QUESTION: 7

Small payments are recorded in a book called:

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QUESTION: 8

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

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QUESTION: 9

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

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QUESTION: 10

Cash book is a form of :

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QUESTION: 11

The Cash Book records

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QUESTION: 12

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

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QUESTION: 13

Salaries due for the month of March will appear

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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

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QUESTION: 15

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

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QUESTION: 16

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

Solution:

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.

QUESTION: 17

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

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QUESTION: 18

What will be journal entry when cash is withdrawn from bank for personal use ?

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QUESTION: 19

Double entry in Cash Book is completed when :

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QUESTION: 20

The Cash Book records

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QUESTION: 21

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

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QUESTION: 22

Petty cash may be used to pay

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QUESTION: 23

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

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QUESTION: 24

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

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QUESTION: 25

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

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QUESTION: 26

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

Solution:

Description: Correct Entry:
Cash A/c Dr. 100
To Interest A/c 100
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.

QUESTION: 27

Contra entries are passed only when

Solution:

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.

QUESTION: 28

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

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QUESTION: 29

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

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QUESTION: 30

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

Solution:
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