11th Principles of Accounting MCQS Chapter 4

The most exhaustive cash book is

Petty Cash Book

Double Column Cash Book

Single Column Cash Book

Treble Column Cash Book

Our cheque to Babar & Bros, returned dishonoured should be credited to

Bank Account

Babar & Bros A/c

Cash Account

Cheque Account

Pass book is prepared by

Customer

Debtor

Creditor

Banker

The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:

Cash memo

Receipt voucher

Payment voucher

Cash voucher

Which column is prepared in single column cash book?

Bank Column

All of the Above

Discount Column

Cash Column

Retiring a bill under rebate means:

None of the above

Making payment for the bill before the due date

Dishonouring bill

Making payment for the bill after the due date

The favourable balance of bank statement is

Zero Balance

Credit Balance

Debit Balance

Both b and c

Cheques issued to a creditor but not presented for payment are called

Uncollected Cheques

Un Credited Cheques

Un Presented Cheques

Dishonoured Cheques

When saleable goods are bought in a business are called:

Assets

Purchase

Sales 

Goods

In form journal, the first column represents:

Data

Debit

Ledger Folio

Amount