Practice mode / 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
Question 01 / 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
Question 02 / Cash Book Introduction capital by owner of business is recorded on which side of a cash book? A Option A: Receipts B Option B: Payments C Option C: Incomes D Option D: Expenditures Correct answer A. Receipts Show answer Open question
Question 03 / Cash Book A cash book with cash, bank and discount column is commonly referred as? A Option A: Cash book B Option B: Two columns cash book C Option C: Three columns cash book D Option D: Petty cash book Correct answer C. Three columns cash book Show answer Open question
Question 04 / Cash Book The most common imprest system is the ____ system? A Option A: Petty cash B Option B: Cash book C Option C: Cash receipt D Option D: Discount Correct answer A. Petty cash Show answer Open question
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