Top 25 MCQ-Cash Book

Financial Accounting · Topic 10 quiz

Cash Book Quiz

Work through 25 multiple-choice questions, one at a time. Submit each answer for feedback. At the end, review your score and see which concepts to revisit.

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1. Cash received goes on…Credit sideBoth sidesNeither sideDebit side

2. Till deposit credits…Bank columnDiscount allowedCash columnSales

3. Discount received appears in…Debit-side discount columnCredit-side discount columnBank debit columnCash debit column

4. Unrecorded bank fee credits…BankRevenueCapitalReceivables

5. Petty cash spending supported by…Approved vouchersSales forecastStock countLoan schedule

6. Closing cash from opening cash, receipts and payments? Opening cash: 960. Receipts: 144. Payments: 63.11678798971041

7. Imprest cash remaining after approved spending? Fund: 1080. Spending: 156.12361080924156

8. Discount allowed from invoice and settlement? Invoice: 1200. Settlement: 168.136810321200168

9. Bank balance after depositing cash from the till? Opening bank: 1320. Cash deposited: 180.114015001320180

10. Cash on hand after depositing till cash? Opening till cash: 1440. Cash deposited: 192.124816321440192

11. Closing cash from opening cash, receipts and payments? Opening cash: 1200. Receipts: 168. Payments: 70.1438110211301298

12. Imprest cash remaining after approved spending? Fund: 1320. Spending: 180.150013201140180

13. Discount allowed from invoice and settlement? Invoice: 1440. Settlement: 192.163214401248192

14. Bank balance after depositing cash from the till? Opening bank: 1560. Cash deposited: 204.135617641560204

15. Cash on hand after depositing till cash? Opening till cash: 1680. Cash deposited: 216.146418961680216

16. Closing cash from opening cash, receipts and payments? Opening cash: 1440. Receipts: 192. Payments: 77.1709132513631555

17. Imprest cash remaining after approved spending? Fund: 1560. Spending: 204.176415602041356

18. Discount allowed from invoice and settlement? Invoice: 1680. Settlement: 216.189616801464216

19. Bank balance after depositing cash from the till? Opening bank: 1800. Cash deposited: 228.157220281800228

20. Cash on hand after depositing till cash? Opening till cash: 1920. Cash deposited: 240.168021601920240

21. Closing cash from opening cash, receipts and payments? Opening cash: 1680. Receipts: 216. Payments: 84.1812198015481596

22. Imprest cash remaining after approved spending? Fund: 1800. Spending: 228.202818002281572

23. Discount allowed from invoice and settlement? Invoice: 1920. Settlement: 240.216019201680240

24. Bank balance after depositing cash from the till? Opening bank: 2040. Cash deposited: 252.178822922040252

25. Cash on hand after depositing till cash? Opening till cash: 2160. Cash deposited: 264.242418962160264

Show the answer key

Debit side The correct choice is Debit side.
Cash column The correct choice is Cash column.
Credit-side discount column The correct choice is Credit-side discount column.
Bank The correct choice is Bank.
Approved vouchers The correct choice is Approved vouchers.
1041 Add receipts and subtract payments.
924 Subtract spent cash from the authorised total.
1032 The difference is the discount allowed.
1500 The contra entry debits Bank.
1248 The contra entry credits Cash.
1298 Add receipts and subtract payments.
1140 Subtract spent cash from the authorised total.
1248 The difference is the discount allowed.
1764 The contra entry debits Bank.
1464 The contra entry credits Cash.
1555 Add receipts and subtract payments.
1356 Subtract spent cash from the authorised total.
1464 The difference is the discount allowed.
2028 The contra entry debits Bank.
1680 The contra entry credits Cash.
1812 Add receipts and subtract payments.
1572 Subtract spent cash from the authorised total.
1680 The difference is the discount allowed.
2292 The contra entry debits Bank.
1896 The contra entry credits Cash.