Practice mode / Cash Book Postage stamps on hand are considered as? A Option A: Bank B Option B: Prepaid expenses C Option C: Accounts receivable D Option D: Creditor Correct answer B. Prepaid expenses Show answer
Question 01 / Cash Book A cash book that is used to record the small payments of cash is generally referred as? A Option A: Simple cash book B Option B: Two column cash book C Option C: Three column cash book D Option D: Petty cash book Correct answer D. Petty cash book Show answer Open question
Question 02 / Cash Book Drawings by owner of business are generally recorded on which of the following side of a cash book? A Option A: Receipts B Option B: Payments C Option C: Incomes D Option D: Expenditures Correct answer B. Payments Show answer Open question
Question 03 / Cash Book Payment of rent expenses is recorded on which side of cash book? A Option A: Receipts B Option B: Payments C Option C: Income D Option D: Expense Correct answer B. Payments Show answer Open question
Question 04 / Cash Book Cash discount is allowed on ____ repayment of debt. A Option A: Lump sum B Option B: Prompt C Option C: Actual D Option D: None of them Correct answer B. Prompt Show answer Open question
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