The closing balance of petty cash book is considered as_________? April 20, 2025 by admin A. Liability B. Asset C. Expenses D. Income
A credit balance in cash book indicates? April 20, 2025 by admin A. Bank balance B. Cash at bank C. Bank overdraft D. Bank underdraft
Petty cash fund is supposed to be replenished? April 20, 2025 by admin A. Every day B. Every half year C. Every year D. At the end of every accounting period
Postdated checks are considered as__________? April 20, 2025 by admin A. Cash B. Bank balance C. Accounts receivable D. Cash reserve
Which of the following is generally not the party to a check? April 20, 2025 by admin A. Payee B. Payer C. Bank D. Seller
Cash book with cash and discount column is mostly referred as________? April 20, 2025 by admin A. Simple cash book B. Two column cash book C. Three column cash book D. Petty cash book
A simple or one column cash book usually has which of the following main columns? April 20, 2025 by admin A. Bank B. Payments C. Discount D. Cash
Purchase of office equipment for cash will be recorded on which of the following sides of a cash book? April 20, 2025 by admin A. Receipts B. Payments C. Incomes D. Expenditures
Postage stamps on hand are considered as_________? April 20, 2025 by admin A. Bank B. Prepaid expenses C. Accounts receivable D. Creditor
A cash book that is used to record the small payments of cash is generally referred as_________? April 20, 2025 by admin A. Simple cash book B. Two column cash book C. Three column cash book D. Petty cash book
