0

Three columnar cash book - class-IX

Attempted 0/55 Correct 0 Score 0

Which of the following subsidiary books serves the purpose of ledger too, in addition to the recording of accounting transaction?

  1. Purchases book

  2. Sales book

  3. Bills receivable book

  4. Cash Book


Correct Option: D

Cash discount is recorded in ______________.

  1. Journal proper

  2. Purchase Journal

  3. Sales account

  4. Cash book


Correct Option: D

Receipts and Payments Account is an abbreviated form of ___________________.

  1. Cash Book

  2. Pass Book

  3. Both Cash Book and Pass Book

  4. None of the above


Correct Option: A

Cash book records ________________.

  1. Cash payments

  2. Cash Receipts

  3. Cash payments and cash receipts

  4. Neither cash payments nor cash receipts


Correct Option: C

Double entry of which of the following transactions is completed in the Cash Book itself _______________.

  1. Paid rent by cheque

  2. Withdrew from bank for personal use

  3. A cheque received from a customer deposited into bank on the same day

  4. Cash deposited into the bank


Correct Option: D

For opening Joint Bank Account, in case of separate set of books _________________.

  1. Joint Venture A/c will be debited and Venturers Capital A/c will be credited.

  2. Joint Bank A/c is debited and Venturers Capital A/c is credited.

  3. Joint Venture A/c is debited and Joint Bank A/c will be credited.

  4. Joint Bank A/c will be debited and Joint Venture A/c will be credited.


Correct Option: B

Which is not contra entry in three-column Cash Book?

  1. Cash deposited into bank

  2. Cash withdrew from bank

  3. Cash withdrew from Bank for personal use

  4. None of these.


Correct Option: D

When the record of transactions relating to joint venture are made in the books of one party, then the venturer recording the transactions records his share of investment by _____________.

  1. Debiting cash account

  2. Crediting his personal account

  3. No entry is made

  4. Crediting Cash A/c


Correct Option: D

If Sandeep sold goods for Cash, it will be recorded in _______________.

  1. Sales Book

  2. Cash Book

  3. None of these

  4. Both (a) and (b)


Correct Option: B

Investment was sold in cash for 1,00,000 at par will be recorded in _______________.

  1. Cash book

  2. General journal

  3. Purchases return book

  4. Purchase book


Correct Option: A

In which order the accounting transactions and events are recorded in the books ?  

  1. Journal, Subsidiary books, Ledger and Trial Balance.

  2. Ledger, Journal, Ledger, and Trial Balance.

  3. Subsidiary books, Ledger, and Trial Balance and Journal.

  4. Profit and loss account, Ledger, Balance sheet, Journal.


Correct Option: A

A cheque of Rs. 112 received from a debtor recorded in the cash book but omitted to be banked. When balance as per Cash Book is the starting point.

  1. Rs. 112 to be added

  2. Rs. 112 to be subtracted

  3. No adjustment is required

  4. None of these


Correct Option: B

The payment side of the Cash Book (Bank Column) was under cast by Rs. 112. When the balance as per Cash Book is the straight point __________ .

  1. Rs. 112 to be added

  2. Rs. 112 to be subtracted

  3. No adjustment is required

  4. None of these


Correct Option: B

One outgoing Cheque of Rs. 112 recorded in the Cash Book but omitted to be sent to creditor. When the balance as per Cash Book is the starting point ___________________.

  1. Rs. 112 to be added

  2. Rs. 112 to be subtracted

  3. No adjustment is required

  4. None of these


Correct Option: A

One outgoing cheque of Rs. 112 was recorded twice in the Cash Book. When the balance as per Cash Book is the straight point.

  1. Rs. 112 to be added

  2. Rs. 112 to be subtracted

  3. No adjustment is required

  4. None of these


Correct Option: A

One outgoing cheque of Rs. 112 recorded as Rs. 121 in the cash column is the Cash Book. (Note: The cheque was presented in the bank). When the balance as per Cash Book is the straight point.

  1. Rs. 112 to be subtracted

  2. Rs. 121 to be subtracted

  3. Rs. 9 to be added

  4. Rs. 112 to be added


Correct Option: A

Returns of goods sold for cash Rs. 500 to Ram are recorded in ______.

  1. Sales Book.

  2. Sales Returns Book.

  3. Journal Proper.

  4. Cash Book.


Correct Option: D

A cheque received from a debtor for Rs. 112 deposited but omitted to be recorded in the cash column in the cash-Book (Note: Bank has collected and  credited this cheque)
When the balance as per Cash Book is the starting point. 

  1. Rs. 112 to be added

  2. Rs. 121 to be added

  3. Rs. 9 to be subtracted

  4. Rs. 112 to be subtracted


Correct Option: A

A debit in a nominal account denotes an __________.

  1. income

  2. loss

  3. revenue

  4. expense


Correct Option: D

In triple column cash book, cash withdrawn from bank for office use will appear in ___________.

  1. Debit side of the cash book only

  2. Both sides of the cash book

  3. Credit side of the cash book only

  4. Credit side of the bank account


Correct Option: B
Explanation:

Cash withdrawn from bank for official use will give two effects in cash book. Cash book is carrying cash and bank both columns. Hence withdrawal of cash from bank reduces the bank balance and increases the cash balance. 

When can mistake apparent on record be corrected?

  1. When mistake noticed by authority passing the order

  2. When mistake pointed out by corresponding officer of SGST

  3. When mistake pointed by person affected by the order

  4. All of the above


Correct Option: D

Excess of bank withdrawal over bank deposits __________.

  1. Overdraft

  2. Cash balance

  3. Bank balance

  4. Loan


Correct Option: A
Explanation:

The opening cash and bank balances are recorded on the debit side of the cash book. Sometimes a businessman withdraws excess amount from the bank (from his bank account) and the closing bank balance of a month is a credit balance. This balance amount is called 'Bank Overdraft'. It is written on the credit side of the bank column of the cash book as opening balance.

A cash book written in local language by Munimji to record all types of transaction.

  1. Cash book

  2. Petty cash book

  3. Conventional Cash book

  4. Modern cash book


Correct Option: C

Which of the following is not a column of a three-column cash-book?

  1. Cash column

  2. Bank column

  3. Petty cash column

  4. Discount column.


Correct Option: C

A three-column Cash Book will disclose a bank overdraft when there is __________.

  1. debit balance of cash column

  2. credit balance of cash column

  3. debit balance of bank column

  4. credit balance of bank column


Correct Option: D

Contra entries are passed only when ____________.

  1. double-column cash book is prepared

  2. three-column cash book is prepared

  3. simple cash book is prepared

  4. all of these


Correct Option: B

Bank column of the cash book has _____________.

  1. debit balance

  2. credit balance

  3. either debit or credit

  4. neither debit nor credit.


Correct Option: C

Which of the following will be recorded as Contra Entry?

  1. Withdrew from bank for personal use

  2. A cheque received from X lodged into bank on the same day

  3. A cheque received from Y a week earlier lodged into bank

  4. A customer directly deposited the money in our bank account


Correct Option: C

Salaries due for the month will appear________.

  1. On the receipt side of the cash book

  2. On the payment side of the cash book

  3. As a contra entry

  4. Nowhere in the cash book.


Correct Option: D

In arriving at adjusted cash balance which of the following is not taken into account?

  1. Amount deposited by our customer direct into our bank account

  2. Errors in the cash book

  3. Errors in the pass book

  4. All of the above


Correct Option: B

If goods have been sold for cash, the entry will be recorded in the _______________.

  1. Cash Book

  2. Sales Book

  3. Journal

  4. Stock Book.


Correct Option: A

In a Three-Column cash book, which of the following is correct?

  1. Trade discount allowed is recorded on the debit side of cash book

  2. Cash discount received is recorded on the credit side of cash book

  3. Discount columns are balanced

  4. Cash discount received is recorded on the debit side of cash book


Correct Option: B

If the debit as well as the credit aspects of a transaction are recorded in the cash book itself, it is called ______________.

  1. An opening entry

  2. A compound entry

  3. A transfer entry

  4. A contra entry.


Correct Option: D
Explanation:

Contra Entry is an entry which is recorded to reverse or offset an entry on the other side of an account. If a debit entry is recorded in an account, contra entry will be recorded on the credit side and vice-versa.

Which is entered on the debit side of Cash Book?

  1. Trade discount allowed

  2. Trade discount received

  3. Cash discount allowed

  4. Cash discount received.


Correct Option: C

When a firm maintains a Three-Column Cash Book, it need not maintain _____________.

  1. cash account in the ledger

  2. bank account in the ledger

  3. discount account in the ledger

  4. both cash account and bank account in the ledger


Correct Option: D

In a three-column cash book only ______________________.

  1. Cash column and discount columns are balanced

  2. Bank column and discount columns are balanced

  3. Cash column and bank columns are balanced

  4. Cash Column, bank column and discount columns are balanced.


Correct Option: C
Explanation:

The cash and bank columns of triple column cash book are used as accounts and are periodically totaled and balanced just like in case of a double column cash book. The discount column is only totaled

Contra entries are passed only when _____________.

  1. Double column cash book is prepared

  2. Three-column cash book is prepared

  3. Simple cash book is prepared

  4. None of these


Correct Option: A

Which of the following is not a column of a three-column cash book?

  1. Discount column

  2. Petty cash column

  3. Bank column

  4. Cash column


Correct Option: B

Balance of cash column in cash book has ______________.

  1. Dr. balance

  2. Cr. Balance

  3. Dr. or Cr. Balance

  4. None of the above


Correct Option: A

Purchase of furniture on cash for  1,50,000 will be recorded in _____________.

  1. Sales Book

  2. Purchase Book

  3. General Journal

  4. Cash Book


Correct Option: D

An allowance of  50 was offered for an early payment of cash of  1,050. It will be recorded in _______________.

  1. Sales Book

  2. Purchase Book

  3. Journal Proper (General Journal)

  4. Cash Book


Correct Option: D

Cash sales for  5,00,000 will be recorded in ___________.

  1. Ledger

  2. Cash book

  3. General journal

  4. Sales book


Correct Option: B

Sold furniture on cash for  1,50,000 will be recorded in _____________.

  1. Sales Book

  2. Purchase Book

  3. Journal Proper (General Journal)

  4. Cash Book


Correct Option: D

Received cash of  2,00,000 from debtors for settlement of credit sales will be recorded in ______________.

  1. Sales Book

  2. Purchase Book

  3. Journal Proper (General Journal)

  4. Cash Book


Correct Option: D

Accounting for recovery from Mr. C of an amount of 2,000 earlier written off as bad debt will be recorded in ______________.

  1. Sales Book

  2. Purchase Book

  3. Journal Proper (General Journal)

  4. Cash book


Correct Option: D

Salary paid in cash -  50,000 will be recorded in ______________.

  1. General journal

  2. Cash book

  3. Purchases return book

  4. Purchase book


Correct Option: B

3,50,000 cash paid to creditors for settlement of credit purchases will be recorded in _____________.

  1. Sales Book

  2. Purchase Book

  3. Journal Proper (General Journal)

  4. Cash Book


Correct Option: D

For keeping the bank pass book up to date the responsibility is passed on to _________.

  1. bank

  2. client

  3. creditor

  4. all of the above


Correct Option: B

Bank sent debit advice of Rs.500 to company on overdraft. It wasn't entered in cash book. What will be the adjustment in cash book.

  1. Rs. 500 will be debited

  2. Rs. 500 will be credited

  3. Non- adjustable

  4. Rs. 1000 will be subtracted


Correct Option: B

Which of the following item must be recorded in the adjusted Cash Book in order to bring it in line with the entries in the Bank statement?

  1. Bank charges

  2. An error on the Bank Statement

  3. An uncredited deposit

  4. An unpresented cheque


Correct Option: C

On 30-9-2015 overdraft as per pass book of S. Ltd was Rs. 32,400.The bank had directly collected dividend of other companies Rs. 1,750 and interest Rs. 1,200. As standing instruction bank had paid bills of Rs. 2,454. Cheque deposited for Rs. 8,929.60 was not credited in pass book. Balance as per cash book should be _____________.

  1. overdraft of Rs.23,966.40

  2. overdraft of Rs.46,733.60

  3. overdraft of Rs.40,833.60

  4. overdraft of Rs.18,066.40


Correct Option: A

Over draft as per cash book of B & Co. was Rs 30,000. A comparison of passbook and cashbook revealed the following:

  • The credit side of bank column of cash book was undercast by Rs 100
  • Interest on bank loan Rs 2,000 and bank charges of Rs 575 were not recorded in cash book.
Overdraft balance as per pass book should be ____________.

  1. Rs 32,675

  2. Rs 27,325

  3. Rs 28,675

  4. Rs 28,475


Correct Option: A

Which of the following would record a customer's cheque returned dishonoured?

  1. Purchases Return Book

  2. Sales Return Book

  3. Journal

  4. Cash Book


Correct Option: D

Rent due for the month of March will appear ______ of the cash book.

  1. On the receipt side

  2. On the payment side

  3. As a contra entry

  4. Nowhere


Correct Option: D

Interest received of $Rs.100$ was recorded as interest paid. What will be the effect on cash balance?

  1. Cash will reduce by $Rs.100$.

  2. Cash will reduce by $Rs.400$.

  3. Cash will reduce by $Rs.200$.

  4. No effect on cash balance.


Correct Option: C
- Hide questions