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The cash book is a
Subsidiary journal and ledger
Trial balance
Ledger account
Subsidiary journal
Our cheque to Ali & Bros, returned dishonored should be credited to
Ali & Bros account
Cash account
Bank account
Cheque account
The favorable balance of bank statement is
All of these
Zero balance
Credit balance
Debit balance
A double column cash book is used to record
Cash and bank transaction
Cash transactions only
Cash, bank and discount transaction
None of these
When cash is received from debtor or customer, generally a receipt is issued to the debtor which is called
None of these
Cash voucher
Payment voucher
Receipt voucher
Bank reconciliation statement is prepared by
Auditors
Manager
Banker
Customer’s accountant
The money can be deposited into bank by means of
Cheque book
Cash book
Pass book
Pay-in-slip book
The favorable balance of cash book bank column is
Both debit and credit balance
Credit balance
None of these
Debit balance
When cheque received, and deposited into bank, bank account must be
None of these
Both debited & credited
Debited
Credited
Ahmed’s cheque endorse to Akbar should be debited to
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