Business studies Mcqs, Accounts Mcqs, Business studies notes,Quiz and case Based Questions, Quizizz

Cash Book Quiz-2 Index => Cash Book Quiz-2 Quiz Show all questions <=   => Cash in hand A/c may have ?   Only credit balance. ?   Only debit balance. ?   Debit or credit balance. ?   None of the above Which individual is typically responsible for maintaining the petty cash book? ?   Chief Financial Officer (CFO) ?   External auditor ?   Petty cash custodian ?   Bank manager Which type of cash book is commonly used by nonprofit organizations or small businesses for tracking cash expenditures? ?   Single column cash book ?   Double column cash book ?   Triple column cash book ?   Petty cash book If a company receives cash from a debtor, which column(s) in the cash book will be affected? ?   Cash column ?   Bank column ?   Cash and Bank columns ?   Credit column The balance of cash book shows ?   Net income. ?   Cash in hand. ?   Net expenditure. ?   Net bank balance. In a petty

cash Book Quiz-1 Index => cash Book Quiz-1 Quiz Show all questions <=   => Which of the following is not a part of ‘cash and cash equivalents’ in a cashbook? ?   Money orders ?   Cheques ?   Special investments ?   Coins What does the balance in the cash column indicate? ?   Credit ?   Debit ?   Both of the above ?   None of the above What kind of entry happens in a Cashbook? ?   Special entry ?   Original entry ?   Secondary entry ?   All of the above Which of the following transactions will not be included in the cashbook? ?   Cash receipt from Anil for ₹60,000 ?   Purchases worth ₹70,000 ?   Credit sales worth ₹ 80,000 ?   Cash sales worth ₹ 10,000 What is the primary purpose of a cashbook? ?   It records receipts and payments of cash ?   It records payments of cash ?   It records receipts of cash ?   It helps to compute the profit and loss of a business How many kinds of cas