Take this quick test on the cash book to help you prepare for your exams and interviews. If you find it difficult to answer any of these multiple choice questions (MCQs), read more about the cash book first and complete the MCQ test afterward. 1. One for discount and the other for bank One for discount and the other for cash One for cash and the other for bank. One for cash receipts and the other for cash payments See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is One for discount and the other for cash. (option 2). 2. Cash book with discount column Cash book with discount and bank columns Simple cash book Petty cash book Simple cash book See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Cash book with discount and bank column. (option 2). 3. Debit side Credit side Debit side and credit side None of the above See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Debit side and on the credit side (option 3). 4. Debit side Credit side Petty cash book Not recorded in cash book See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Recorded on the debit side of cash book (option 1). 5. Debit side Credit side Debit side and credit side None of the above See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Debit side and credit side (option 3). 6. Debit side Credit side Both sides See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is credit side (option 2). 7. All cash transactions Only cash payments Only cash receipts Petty expenses See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is all cash transactions (option 1). 8. Sales book Cash book Journal None of the above See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Cash book (option 2). 9. Petty cash receipts Petty cash payments All cash payments Petty cash receipts and payments See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is petty cash receipts and payments (option 4). 10. Debit balance Credit balance Overdraft of cash book None of the above See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Debit balance (option 1). View Results You can also check: Cash book short questions Cash book fill in the blanks Cash Book MCQs FAQs What factors should be considered when making decisions in accounting? When making decisions in accounting, it is essential to consider all relevant factors. Some of the factors that may be considered include the company’s financial position, Cash Flow, profitability, and business strategy. What are some common accounting decisions? In accounting, decision-making is the process of choosing between two or more courses of action to achieve the desired outcome. Factors that should be considered when making decisions include the company’s financial position, Cash Flow, profitability, and business strategy. Accountants use the information to make decisions by analyzing data and trends to make informed decisions to help the company achieve its goals. How do accountants make decisions? Accountants use the information to make decisions by analyzing data and trends. This information can come from Financial Statements, internal reports, surveys, and other sources. By analyzing this data, accountants can make informed decisions to help the company achieve its goals. What are some common accounting decision-making models? Common accounting decision-making models include the rational decision model, the incremental decision model, and the satisficing decision model. Each of these models has its own set of steps that should be followed when deciding. About the Author True Tamplin, BSc, CEPF® Facebook Linkedin Instagram Twitter Youtube True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists. True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics. To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.
Take this quick test on the cash book to help you prepare for your exams and interviews. If you find it difficult to answer any of these multiple choice questions (MCQs), read more about the cash book first and complete the MCQ test afterward. 1. One for discount and the other for bank One for discount and the other for cash One for cash and the other for bank. One for cash receipts and the other for cash payments See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is One for discount and the other for cash. (option 2). 2. Cash book with discount column Cash book with discount and bank columns Simple cash book Petty cash book Simple cash book See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Cash book with discount and bank column. (option 2). 3. Debit side Credit side Debit side and credit side None of the above See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Debit side and on the credit side (option 3). 4. Debit side Credit side Petty cash book Not recorded in cash book See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Recorded on the debit side of cash book (option 1). 5. Debit side Credit side Debit side and credit side None of the above See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Debit side and credit side (option 3). 6. Debit side Credit side Both sides See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is credit side (option 2). 7. All cash transactions Only cash payments Only cash receipts Petty expenses See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is all cash transactions (option 1). 8. Sales book Cash book Journal None of the above See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Cash book (option 2). 9. Petty cash receipts Petty cash payments All cash payments Petty cash receipts and payments See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is petty cash receipts and payments (option 4). 10. Debit balance Credit balance Overdraft of cash book None of the above See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Debit balance (option 1). View Results