8. Cash Book and Subsidiary Books

Which of the following is recorded in the Purchases Book?

The Purchases Returns Book records:

The Sales Book is used to record:

The primary purpose of subsidiary books is to:

Which of the following is not considered a subsidiary book?

Which of the following items is not recorded in the Purchases Book?

The Sales Returns Book is also known as the:

Transactions recorded in the Purchase Returns Book include:

The total of the Purchases Book at the end of the month is posted to:

The Credit Sales of goods is recorded in:

Cash purchases of goods are entered in the:

The Subsidiary Books include all the following except:

If a firm returns goods that it had earlier purchased on credit, the transaction is recorded in the:

When sales are returned by customers, they are recorded in:

Which of the following books is used for recording transactions that cannot be recorded in any other subsidiary books?

The Cash Book is a type of:

A Simple Cash Book records:

A DoubleColumn Cash Book contains:

Which of the following is not a feature of the Petty Cash Book?

Contra entries are found in a:

A ThreeColumn Cash Book includes columns for:

Which of the following columns is not found in a ThreeColumn Cash Book?

A contra entry is used when:

Which of the following is a contra entry?

The petty cash book is maintained using which system?

The main purpose of the Petty Cash Book is to:

What is a key characteristic of the Simple Cash Book?

When balancing a Simple Cash Book, the balance carried down represents:

In a DoubleColumn Cash Book, the discount columns are:

A cheque dishonored by the bank is recorded in the:

In the ThreeColumn Cash Book, when cash is deposited into the bank, the entry is made:

In case of a bank overdraft, the bank balance is shown:

If a customer pays their debt early and is offered a discount, the discount allowed is recorded in the:

A contra entry is needed when:

If a cheque received is dishonored, it will be recorded on the:

The imprest amount in the Petty Cash Book refers to:

Which of the following is not an advantage of the Petty Cash Book?

A Petty Cashier is generally reimbursed:

The Petty Cash Book records payments for:

The imprest system of maintaining Petty Cash means:

In accounting, which of the following is an adjusting entry?

Which of the following does not require a journal entry?

Journal entries are required for:

Which of the following entries is made to correct an error in the books?

Adjusting entries are usually made at the:

The process of transferring entries from the subsidiary books to the ledger is called:

The balance of a cash book is normally:

If the debit side of a Cash Book is greater than the credit side, it represents:

If the Bank column of a ThreeColumn Cash Book shows a credit balance, it means:

Which of the following is not part of the double entry system of bookkeeping?

When goods are purchased on credit and returned to the supplier, the entry is recorded in the:

Which subsidiary book is used for recording credit purchases of goods?

The main purpose of a General Ledger is to:

Which type of ledger account is debited when cash is paid?

If the Sales Account is debited, it usually represents:

A Trial Balance is prepared to:

Which of the following is not shown in the Trial Balance?

If the Trial Balance does not tally, the first step in locating the error is to:

Adjusting entries for expenses incurred but not yet paid are called:

Depreciation is recorded as an:

The balance of an expense account is usually:

Prepaid expenses are recorded as:

The total of the Returns Inward Book is transferred to:

Which of the following would not appear on the credit side of a Trial Balance?

The Profit and Loss Account is prepared to:

Which of the following is not an element of financial statements?

Which of the following is not an element of financial statements?

The balance sheet is also known as the:

Which of the following accounts is closed at the end of the accounting period?

The accounting equation is represented as:

Which of the following is not a current asset?

Which of the following is a liability?

Which financial statement shows the revenues and expenses for a specific period?

Which of the following is an example of an operating expense?

Which of the following accounts is not a part of the equity section?

Which of the following is a non-cash expense?

What is the purpose of the Cash Flow Statement?

Which of the following is not a component of cash flows?

Which of the following is a financing activity?

Which of the following is a cash inflow from operating activities?

Which of the following is a cash outflow from investing activities?

Which of the following is an example of a non-cash transaction?

Which of the following statements is true regarding cash flow?

Which of the following is a direct method for calculating cash flows from operating activities?

Which of the following is not a cash flow from financing activities?

Which of the following is a cash inflow from financing activities?

Which of the following is a non-operating cash flow?

Which of the following is not included in the calculation of cash flows from operating activities?

Which of the following is an example of a cash outflow?

Which of the following statements is true regarding cash flow?

The statement of cash flows is divided into how many sections?

Which of the following is not a section of the statement of cash flows?

The statement of cash flows is prepared using which accounting method?

Which of the following is not a cash flow from operating activities?

Which of the following is a cash inflow from investing activities?

What type of cash flow is generated from the sale of goods?

Which of the following is an example of a cash outflow?

Which of the following statements is true regarding cash flow?

The statement of cash flows is divided into how many sections?

Which of the following is not a section of the statement of cash flows?