Top 25 MCQ-Cash Book - Accounting Share

Test your knowledge of the cash book by practicing the Top 25 MCQ-Cash Book.

This simple 25 cash book MCQ will help you quickly learn the cash book in accounting and perform well in competitive exams such as a job interview, a school or college accounting exam, and so on.

Total MCQ:	25
Time:	10 Minutes
Pass Mark	60 Percent

So let’s get started.

START QUIZ

#1. What is the cash book's other name?

Special book

Cash inflow book

Cash outflow book

Cash inflow and outflow book

#2. What is the main purpose of keeping a cash book?

Keeping accurate records of cash transactions

Determining a company's profit and loss

Calculate the business's financial situation.

Find out the errors in the ledger.

#3. Which of the following transaction is a example of non-cash transaction?

Commission received

Rent received

Discount received

Interest received

#4. Which of the following is not recorded in the cash book?

Cash payments

Cash discount

Cash receipts

Trade discount

#5. Which of the following is not a journal?

Purchase book

Cash book

Sales book

Ledger

#6. Cheques received from debtors are recorded in the cash book as____.

Bank column of debit

Bank column of credit

Cash column of debit

Cash column of credit

#7. The cash column of the cash book always shows—

Credit balance

Debit balance

Bank balance

Cash balance

#8. Which book can help us avoid cash fraud?

Journal

Ledger

Cash book

Trial balance

#9. What is the proper journal for recording cash sales?

Sales journal

General journal

Special journal

Cash book

#10. Cash book is a—-

Financial Statement

Journal

Ledger

Both journal and ledger

#11. Which of the following transactions will be credited to the cash book?

Check received

Discount received

Commission received

Interest received

#12. The cash book balances were finally transferred to—

Journal

Ledger

Trial balance

Financial statement

#13. Which account in the triple column cash book will be debited for the discount received?

Accounts receivable a/c

Accounts payable a/c

Cash a/c

Discount a/c

#14. Which of the following is shown in the double column cash book?

Trade discount

Purchase discount

Cash discount

Purchase on cash

#15. Where are contra entries recorded?

Debit side of cash book

Credit side of cash book

Any side of cash book

Both side of cash book

#16. If the total bank column on the right-hand side of the cash book is greater than the total bank column on the left-hand side, it is a—-.

Debit balance

Credit balance

Bank overdraft

Balance c/f

#17. Which of the following is a contra-entry?

Check received from debtors

Paid to vendor in check

A check directly depositrd to the bank

A check received and deposited to the bank

#18. What is the name of the discount allowed when collecting cash from debtors?

Purchase discount

Sales discount

Cash discount paid

Cash discount received

#19. When is the cash book balance calculated?

After one year

After one week

Everyday

After one month

#20. Petty cash book means—

Special cash book

General cash book

Small cash book

Large cash book

#21. Which cash book account will be credited for the transaction "equipment purchased for sale"?

Accounts payable

Cash

Equipment

Purchase

#22. Which accounts should be debited to increase the petty cash fund?

Petty cash a/c

Bank a/c

Cash a/c

Petty cash expense a/c

#23. Who keeps the petty cash book?

Accounts officer

Accountant

Main cashier

Petty cashier

#24. Check payments to creditors are recorded in________.

Cash column on debit side

Bank column on debit side

Bank column on credit side

Cash column on debit side and bank column on credit side

#25. "Deposited check dishonored by the bank." Which side of the cash book will this transaction be recorded on?

Cash column on debit side

Cash column on credit side

Bank column in debit side

Bank column in credit side

Finish

Results

Congratulations on passing the quiz! Your dedication and effort have paid off. Keep up the great work!

Keep your spirits up! Failure is just a part of the journey to success. Best of luck for the next time!

You can also check:

Top 25 Multiple Choice Questions:

Introduction to Accounting

#1. What is the cash book's other name?

#2. What is the main purpose of keeping a cash book?

#3. Which of the following transaction is a example of non-cash transaction?

#4. Which of the following is not recorded in the cash book?

#5. Which of the following is not a journal?

#6. Cheques received from debtors are recorded in the cash book as____.

#7. The cash column of the cash book always shows—

#8. Which book can help us avoid cash fraud?

#9. What is the proper journal for recording cash sales?

#10. Cash book is a—-

#11. Which of the following transactions will be credited to the cash book?

#12. The cash book balances were finally transferred to—

#13. Which account in the triple column cash book will be debited for the discount received?

#14. Which of the following is shown in the double column cash book?

#15. Where are contra entries recorded?

#16. If the total bank column on the right-hand side of the cash book is greater than the total bank column on the left-hand side, it is a—-.

#17. Which of the following is a contra-entry?

#18. What is the name of the discount allowed when collecting cash from debtors?

#19. When is the cash book balance calculated?

#20. Petty cash book means—

#21. Which cash book account will be credited for the transaction "equipment purchased for sale"?

#22. Which accounts should be debited to increase the petty cash fund?

#23. Who keeps the petty cash book?

#24. Check payments to creditors are recorded in________.

#25. "Deposited check dishonored by the bank." Which side of the cash book will this transaction be recorded on?

Results

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