InterviewSolution
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InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
State which of the following correctly complete the sentences gibve below: Cash Book recordsA. all cash receipts and payments.B. cash and credit sale of goods.C. Both (a) and (b).D. None of these |
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Answer» Correct Answer - A |
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| 2. |
State which of the following correctly complete the sentences gibve below: Withdrawal of Cash from Bank is recorded inA. Debit of Bank Column and Credit of Cash Column.B. Debit of Cash Column and Credit of Bank Column.C. Debit of Cash Column and also Credit of Cash Column.D. Debit of Bank Column and also Credit of Bank Column. |
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Answer» Correct Answer - B |
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| 3. |
State which of the following correctly complete the sentences gibve below: Deposit of cash in bank is recorded inA. Debit of Bank Column and Credit of Cash Column.B. Debit of Cash Column and Credit of Bank Column.C. Debit of Cash Column and also Credit of Cash Column.D. Debit of Bank Column and also Credit of Bank Column. |
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Answer» Correct Answer - A |
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| 4. |
State which of the following correctly complete the sentences gibve below: Ravi has purchased goods from Girish for Rs.10,000 plut `12%` IGST. It will be recorded inA. Cash Book.B. Journal Book.C. In both Cash Book and Journal Book.D. None of these |
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Answer» Correct Answer - B |
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| 5. |
State which of the following correctly complete the sentences gibve below: Mohit paid Rs. 9,800 in settlement of his account of Rs.10,000 Discount Allowed will be recorded inA. Cash Book.B. Journal Book.C. Both Cahs Book and Journal.D. None of these |
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Answer» Correct Answer - B |
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| 6. |
State which of the following correctly complete the sentences gibve below: Ir Ram has sold goods for cash, the entry will be recordedA. in the Cash Book.B. in the Sales Book.C. in the Journal Proper.D. None of these |
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Answer» Correct Answer - A |
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| 7. |
State which of the following correctly complete the sentences gibve below: Which is both a book of Journal and LendgerA. Cash Book.B. General Joruanal.C. Purchase Journal.D. Sales Journal. |
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Answer» Correct Answer - A |
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| 8. |
State which of the following correctly complete the sentences gibve below: Debit valance of Rs. 10,000 in the Cash column of the Cash Book shows thatA. Rs. 10,000 has been paid out.B. Rs. 10,000 is owing.C. the amoutn received exceeds the amount paid by Rs. 10,000D. Rs. 10,000 has been credited into the bank account. |
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Answer» Correct Answer - C |
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| 9. |
State which of the following correctly complete the sentences gibve below: Balance in the Petty Cash Book isA. an expense.B. a profit.C. an asset.D. None of these |
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Answer» Correct Answer - C |
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| 10. |
State which of the following correctly complete the sentences gibve below: When a firm maintains two-column Cash Book, it does not maintainA. Purchases Book.B. Journal Proper.C. Sales Book.D. Bank and Cash Account in the Ledger. |
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Answer» Correct Answer - D |
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| 11. |
State which of the following correctly complete the sentences gibve below: Contra entries on the debt side of the Cash Book are posted toA. Debit of Bank Account in the Ledger.B. Debit of Cash Account in the Ledger.C. Credit of Cash Account in the Laedger.D. Not posted in the Ledger. |
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Answer» Correct Answer - D |
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| 12. |
State which of the following correctly complete the sentences gibve below: Which of the following is not recorded in the Cash Book ?A. Credit Sales.B. Bad Debts.C. Depreciation on Machinery.D. All of these. |
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Answer» Correct Answer - D |
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| 13. |
State which of the following correctly complete the sentences gibve below: Simple Petty Cash Book is like aA. Cash Book.B. Statement.C. Journal.D. None of these |
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Answer» Correct Answer - B |
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