Accounts Project: CASH BOOK QUIZ ~ Moksha Shah* XI D * 37
CASH BOOK QUIZ - Test Your Accounts Knowledge
Welcome to the Cash Book Quiz! This engaging quiz is designed to help you assess your understanding of cash book entries, bank transactions, and accounting principles. Whether you're a student, teacher, or simply someone interested in accounting, this quiz is perfect for you!
Featuring 17 thought-provoking questions, you will cover a variety of topics, including:
- Cash and Bank Columns
- Endorsed Cheques
- Discount Calculations
- Effect of Transactions on Cash Book
- Trade Discounts
Endorsed Cheque appears on which side of Bank Column in a Cash Book ?
Debit Side
Credit Side
Does Not Appear
Both Sides (Contra Entry)
Bank Column can show _______________ balance and Cash Column can show _____________ balance
Either Dr. or Cr. ; Only Dr.
Only Dr. ; Either Dr. or Cr.
Only Cr. ; Only Cr.
Either Dr. or Cr. ; Either Dr. or Cr.
Carriage expenses paid on behalf of Mr. XYZ will be
Debited to Carriage A/c
Debited to Mr.XYZ A/c
Credited to Carriage A/c
Credited to Mr.XYZ A/c
Transfer of ₹6500 from Fixed Deposit to Current A/c will be recorded on _____________
Debit Side of Bank Column
Debit Side of Cash Column
Credit Side of Bank Column
Credit Side of Cash Column
Received a cheque of ₹ 44900 from Mrs. Gauri and allowed her a discount of ₹ 100. This will be credited to
Cash A/c by ₹45000
Cash A/c by ₹44900
Mrs. Gauri's A/c by ₹44900
Mrs. Gauri's A/c by ₹45000
Bills Payable duly honoured by issuing a cheque appears on which side of the Cash Book
Credit Side : Bank Column
Credit Side : Cash Column
Debit Side : Bank Column
Debit Side : Cash Column
Commission received ₹ 10000 in cash is recorded on Credit Side of Cash Book. This results in
Cash Balance overstated by ₹10000
Cash Balance understated by ₹ 10000
Cash Balance overstated by ₹ 20000
Cash Balance understated by ₹20000
Sale of Goods = ₹ 20000: T.D. @10%; C.D.@10%; Received ½ the amount in cash and the rest in Cheque(not yet deposited). The amount in Cash Column will be
‚¹18000
‚¹16200
‚¹8100
‚¹19000
Received ₹47,175 (Net) after allowing 7.5% Cash Discount. Therefore the Discount Allowed is ____________________
‚¹2825
‚¹325
‚¹7825
‚¹3825
Cash withdrawn for domestic use from Bank has ___________ effect on Cash Book
Contra Entry
Cash Column on Credit Side
Cash Column on Debit Side
None of the above
A student wrongly recorded an entry for cash withdrawal. Identify the effect of the mistake in cashbook.
Debit Bank Balance is overstated and Credit Cash Balance is understated.
Debit Cash Balance is understated and Credit Bank Balance is overstated
None
Identify the effect of the entry in cashbook.
Debit Cash balance increases and Credit Bank Balance decreases
Debit Cash balance decreases and Credit Bank Balance increases
Debit Bank balance decreases and Credit Cash Balance increases
Debit Bank balance increases and Credit Cash Balance decreases
10/4/22: Purchased goods from Mr. Shailesh worth ₹ 1000 and received 10% Trade Discount. 5% Cash Discount will be received if full payment is made within 5 days. 14/4/22: Issued a cheque for ½ the amount of goods purchased on 10/4/22. Paid ½ of the balance amount in cash. Identify the correct effect in the Cash Book.
0%
0
Cash = ₹225; Bank = ₹450
0%
0
Cash = ₹213.75; Bank = ₹427.50; Discount Received = ₹33.75
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