A Debit Voucher is specifically prepared for: MCQ with Answer and Explanation

Question
A Debit Voucher is specifically prepared for:
A. Cash receipts
B. Cash payments
C. Purchase returns on credit
D. Credit sales
Answer: Option B
Solution (By JKSSB Mock Tests)
Debit vouchers are documentary evidence for cash payments made to suppliers, for expenses, or for asset purchases.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1
When converting Single Entry to Double Entry, the Bills Receivable dishonored will be:
A. Debited to Cash A/c
B. Debited to Total Debtors A/c
C. Ignored
D. Credited to Total Debtors A/c
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
Dishonor of a bill reinstates the debtor's liability, thus the Total Debtors Account is debited to increase the balance.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
Which budget forms the basis of all other budgets?
A. Master Budget
B. Sales Budget
C. Production Budget
D. Cash Budget
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
The Sales Budget is typically the starting point (key factor) because production and cash needs depend directly on expected sales volume.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
Which of the following is a test of audit?
A. Planning
B. Reporting
C. Vouching
D. Verification
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
Vouching is the primary test of audit, involving the examination of documentary evidence to support the transactions recorded in the books of accounts.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Explore All Accountancy and Book Keeping MCQs
Today's Top Topics
Accountancy and Book Keeping 1861 Statistics 1318
Explore Subjects
Computer 5279 Static General Knowledge 6362 English 15164 Current Affairs 575 History GK 3374
Practice Mix
The difference between simple interest and compound interest on a certain sum of money for 2 years at 9% per annum is Rs. 81. Find the sum.
The process by which plants lose water in the form of liquid droplets is:
The 'Vote on Account' is used to:
Software programs that are custom engineered for banking automated teller machines (ATMs) to connect securely to institutional transaction ledger networks are classified as:
Which is the capital of South Africa (legislative)?