11th Principles of Accounting MCQS Chapter 8

When money is paid to a creditor or supplier a receipt is obtained from him which is called

Cash payment

Receipt voucher

Payment voucher

Cash voucher

Cash account is a

Nominal account

Real account

Personal account

Both personal and real account

All cash purchases and cash sales are recorded in

Purchases and sales book

Cash book

Purchases book

Sales book

The book in which all cash transaction are primarily recorded is called

Finance book

Pass book

Cash book

Cheque book

Unfavorable balances mean

Both b & c

Credit balance in the cash book

Debit balance in bank statement

Credit balance in the pass book