Tag: elements of book keeping and accountancy
Questions Related to elements of book keeping and accountancy
Which of the following is the kind of a cash book?
Which of the following statements is/are true?
(i) Cash book records all cash receipts and cash payments.
(ii) Cash book records all sale and purchase transactions of goods both in cash and on credit.
(iii) Cash book records discount on cash payments
Select the correct answer from the options given below :-
Cash column of a Cash-book may show a Debit or Credit Balance.
State with reasons whether the following statement is true or false:
The balance in the Cash Book shows net income.
The allowance made for promoting sales is called Cash discount.
State with reasons whether the following statement is true or false:
Discount account should be balanced in the Cash Book.
In which book does the cash sales will be recorded?
At the happening of below mentioned event what will happen. A cheque is deposited with bank.
Bank does not pay interest on the following account.
In case of three column cash book, contra entry is related with _____________.