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Test: Cash Book - 2 - Commerce MCQ


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9 Questions MCQ Test - Test: Cash Book - 2

Test: Cash Book - 2 for Commerce 2024 is part of Commerce preparation. The Test: Cash Book - 2 questions and answers have been prepared according to the Commerce exam syllabus.The Test: Cash Book - 2 MCQs are made for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Cash Book - 2 below.
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Test: Cash Book - 2 - 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

Test: Cash Book - 2 - Question 2

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

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Test: Cash Book - 2 - Question 3

Cash book is a type of __________ but treated as a ____________ of accounts.

Test: Cash Book - 2 - Question 4

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

Test: Cash Book - 2 - Question 5

Salaries due for the month of March will appear

Test: Cash Book - 2 - Question 6

Contra entries are passed only when

Detailed Solution for Test: Cash Book - 2 - Question 6

Contra-entry is the entry which effected the both sides in cash book.

It is occured in three times, i.e.,

1.Cash deposited in to bank,

2.Cash withdrawn from the bank for office use, and

3.Receivable cheque deposited in to the bank in another day.

Test: Cash Book - 2 - Question 7

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

Q.The Cash Book records

Test: Cash Book - 2 - Question 8

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

Q.The balance in the petty cash book is

Detailed Solution for Test: Cash Book - 2 - Question 8

The closing balance of petty cash book is considered as Asset. Petty Cash is a current asset account; it is part of a company's cash.

Test: Cash Book - 2 - 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

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