Test: Cash Book - 1


30 Questions MCQ Test Principles and Practice of Accounting | Test: Cash Book - 1


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This mock test of Test: Cash Book - 1 for CA Foundation helps you for every CA Foundation entrance exam. This contains 30 Multiple Choice Questions for CA Foundation Test: Cash Book - 1 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Cash Book - 1 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Cash Book - 1 exercise for a better result in the exam. You can find other Test: Cash Book - 1 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

The Balance of Petty Cash is :

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QUESTION: 2

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

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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 : 

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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
( 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.

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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