📒Accounting MCQs
Accounting MCQs
397 MCQs331
Introduction capital by owner of business is recorded on which side of a cash book?
AReceipts
BPayments
CIncomes
DExpenditures
332
Cash discount is allowed on _______ repayment of debt.
ALump sum
BPrompt
CActual
DNone of them
333
Payment of rent expenses is recorded on which side of cash book?
AReceipts
BPayments
CIncome
DExpense
334
Drawings by owner of business are generally recorded on which of the following side of a cash book?
AReceipts
BPayments
CIncomes
DExpenditures
335
A cash book that is used to record the small payments of cash is generally referred as_________?
ASimple cash book
BTwo column cash book
CThree column cash book
DPetty cash book
336
Postage stamps on hand are considered as_________?
ABank
BPrepaid expenses
CAccounts receivable
DCreditor
337
Purchase of office equipment for cash will be recorded on which of the following sides of a cash book?
AReceipts
BPayments
CIncomes
DExpenditures
338
A simple or one column cash book usually has which of the following main columns?
ABank
BPayments
CDiscount
DCash
339
Cash book with cash and discount column is mostly referred as________?
ASimple cash book
BTwo column cash book
CThree column cash book
DPetty cash book
340
Which of the following is generally not the party to a check?
APayee
BPayer
CBank
DSeller