Tag: subsidiary books - 2

Questions Related to subsidiary books - 2

Which is entered on the debit side of Cash Book?

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

  1. Trade discount allowed

  2. Trade discount received

  3. Cash discount allowed

  4. Cash discount received.

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Correct Option: C

When a firm maintains a Three-Column Cash Book, it need not maintain _____________.

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

  1. cash account in the ledger

  2. bank account in the ledger

  3. discount account in the ledger

  4. both cash account and bank account in the ledger

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Correct Option: D

In a three-column cash book only ______________________.

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

  1. Cash column and discount columns are balanced

  2. Bank column and discount columns are balanced

  3. Cash column and bank columns are balanced

  4. Cash Column, bank column and discount columns are balanced.

Show answer
Correct Option: C
Explanation:

The cash and bank columns of triple column cash book are used as accounts and are periodically totaled and balanced just like in case of a double column cash book. The discount column is only totaled

Contra entries are passed only when _____________.

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

  1. Double column cash book is prepared

  2. Three-column cash book is prepared

  3. Simple cash book is prepared

  4. None of these

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Correct Option: A

Which of the following is not a column of a three-column cash book?

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

  1. Discount column

  2. Petty cash column

  3. Bank column

  4. Cash column

Show answer
Correct Option: B

Balance of cash column in cash book has ______________.

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

  1. Dr. balance

  2. Cr. Balance

  3. Dr. or Cr. Balance

  4. None of the above

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Correct Option: A

Purchase of furniture on cash for  1,50,000 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. Purchase Book

  3. General Journal

  4. Cash Book

Show answer
Correct Option: D

An allowance of  50 was offered for an early payment of cash of  1,050. 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. Purchase Book

  3. Journal Proper (General Journal)

  4. Cash Book

Show answer
Correct Option: D

Cash sales for  5,00,000 will be recorded in ___________.

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

  1. Ledger

  2. Cash book

  3. General journal

  4. Sales book

Show answer
Correct Option: B

Sold furniture on cash for  1,50,000 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. Purchase Book

  3. Journal Proper (General Journal)

  4. Cash Book

Show answer
Correct Option: D