Tag: subsidiary books - 2

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Questions Related to subsidiary books - 2

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

For keeping the bank pass book up to date the responsibility is passed on to _________.

  1. bank

  2. client

  3. creditor

  4. all of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The bank pass book is a copy of the customer's account as maintained by the bank. However, the client is responsible for reconciling their own cash book with the bank statement to ensure accuracy.

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

Bank sent debit advice of Rs.500 to company on overdraft. It wasn't entered in cash book. What will be the adjustment in cash book.

  1. Rs. 500 will be debited

  2. Rs. 500 will be credited

  3. Non- adjustable

  4. Rs. 1000 will be subtracted
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A debit advice from the bank indicates a reduction in the bank balance (a payment). To adjust the cash book, this must be recorded on the credit side of the bank column.

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

On 30-9-2015 overdraft as per pass book of S. Ltd was Rs. 32,400.The bank had directly collected dividend of other companies Rs. 1,750 and interest Rs. 1,200. As standing instruction bank had paid bills of Rs. 2,454. Cheque deposited for Rs. 8,929.60 was not credited in pass book. Balance as per cash book should be _____________.

  1. overdraft of Rs.23,966.40

  2. overdraft of Rs.46,733.60

  3. overdraft of Rs.40,833.60

  4. overdraft of Rs.18,066.40
Reveal answer Fill a bubble to check yourself
A Correct answer
Multiple choice commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

Over draft as per cash book of B & Co. was Rs 30,000. A comparison of passbook and cashbook revealed the following:

  • The credit side of bank column of cash book was undercast by Rs 100
  • Interest on bank loan Rs 2,000 and bank charges of Rs 575 were not recorded in cash book.
Overdraft balance as per pass book should be ____________.

  1. Rs 32,675

  2. Rs 27,325

  3. Rs 28,675

  4. Rs 28,475
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Starting with cash book overdraft (30,000): Add undercast (100); add bank charges/interest (2,000 + 575 = 2,575). Total: 30,000 + 100 + 2,575 = 32,675.

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

Which of the following would record a customer's cheque returned dishonoured?

  1. Purchases Return Book

  2. Sales Return Book

  3. Journal

  4. Cash Book
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

When a cheque is dishonoured, the bank reverses the entry. The company must record this in the cash book by reversing the previous receipt (crediting the bank column).