Tag: subsidiary books - 2

Questions Related to subsidiary books - 2

Cash book records ________________.

book keeping and accountancy subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Cash payments

  2. Cash Receipts

  3. Cash payments and cash receipts

  4. Neither cash payments nor cash receipts

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Correct Option: C

Double entry of which of the following transactions is completed in the Cash Book itself _______________.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Paid rent by cheque

  2. Withdrew from bank for personal use

  3. A cheque received from a customer deposited into bank on the same day

  4. Cash deposited into the bank

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Correct Option: D

For opening Joint Bank Account, in case of separate set of books _________________.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Joint Venture A/c will be debited and Venturers Capital A/c will be credited.

  2. Joint Bank A/c is debited and Venturers Capital A/c is credited.

  3. Joint Venture A/c is debited and Joint Bank A/c will be credited.

  4. Joint Bank A/c will be debited and Joint Venture A/c will be credited.

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Correct Option: B

Which is not contra entry in three-column Cash Book?

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Cash deposited into bank

  2. Cash withdrew from bank

  3. Cash withdrew from Bank for personal use

  4. None of these.

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Correct Option: D

When the record of transactions relating to joint venture are made in the books of one party, then the venturer recording the transactions records his share of investment by _____________.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Debiting cash account

  2. Crediting his personal account

  3. No entry is made

  4. Crediting Cash A/c

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Correct Option: D

If Sandeep sold goods for Cash, it will be recorded in _______________.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Sales Book

  2. Cash Book

  3. None of these

  4. Both (a) and (b)

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Correct Option: B

Investment was sold in cash for 1,00,000 at par will be recorded in _______________.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Cash book

  2. General journal

  3. Purchases return book

  4. Purchase book

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Correct Option: A

In which order the accounting transactions and events are recorded in the books ?  

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Journal, Subsidiary books, Ledger and Trial Balance.

  2. Ledger, Journal, Ledger, and Trial Balance.

  3. Subsidiary books, Ledger, and Trial Balance and Journal.

  4. Profit and loss account, Ledger, Balance sheet, Journal.

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Correct Option: A

A cheque of Rs. 112 received from a debtor recorded in the cash book but omitted to be banked. When balance as per Cash Book is the starting point.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Rs. 112 to be added

  2. Rs. 112 to be subtracted

  3. No adjustment is required

  4. None of these

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Correct Option: B

The payment side of the Cash Book (Bank Column) was under cast by Rs. 112. When the balance as per Cash Book is the straight point __________ .

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Rs. 112 to be added

  2. Rs. 112 to be subtracted

  3. No adjustment is required

  4. None of these

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Correct Option: B