Cash Book Quiz

7 multiple-choice questions with answers and explanations · 2 easy, 4 medium, 1 hard

Two- and three-column cash books, contra entries, discounts allowed and received, and the petty cash book under the imprest system.

Start practising →
  1. 1Cash Book Quiz: Is It a Receipt or a Payment?Which of the following is entered on the RECEIPTS (debit) side of the cash book?easy
  2. 2What Is a Cash Book in Accounting?The cash book is unusual among the accounting records because it is:easy
  3. 3Three-Column Cash Book: What Are the Three Columns?On each side of a three-column cash book, the three money columns are:medium
  4. 4Contra Entry in the Cash Book: Cash Paid into the BankCash of $500 is taken from the till and paid into the business bank account. In a two-column cash book this is recorded as:medium
  5. 5Cash Book: Discount Allowed vs Discount ReceivedA customer who owes $400 pays $390 in full settlement within the discount period. In the seller’s books, the $10 is:medium
  6. 6Petty Cash Book: Restoring the Float Under the Imprest SystemA petty cash float is kept at $200 under the imprest system. During the month, petty cash payments of $164 were made. How much is needed to restore the float?medium
  7. 7Balancing the Bank Column of a Two-Column Cash BookThe bank column of a cash book shows an opening debit balance of $1,200, receipts of $5,400 and payments of $7,100 for the month. The closing balance is:hard

More Bookkeeping Basics quizzes

Debits and Credits 29Accounting Equation 20Source Documents 6Books of Prime Entry 8Journal and Ledger 9Chart of Accounts 3Accounting Cycle and Trial Balance 15Control Accounts 4Correction of Errors 12Accounting Principles 16
All quiz topics →