Which of the following is NOT recorded in a simple (single-column) cash book? MCQ with Answer and Explanation

Question
Which of the following is NOT recorded in a simple (single-column) cash book?
A. Cheque received and deposited same day
B. Cash sales
C. Cash purchases
D. Payment to creditors in cash
Answer: Option A
Solution (By JKSSB Mock Tests)
A simple cash book only has a cash column. Bank transactions (like cheques deposited) require a two-column or three-column cash book.
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
An amended Cash Book is prepared to correct:
A. Only bank overdrafts
B. Errors and omissions made in the Cash Book
C. Errors made by the bank
D. Timing differences like unpresented cheques
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
An amended cash book is prepared to adjust omissions (like bank charges) and errors in the cash book before preparing the final BRS.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
In the context of the Indian Financial System, the 'Deposit Insurance and Credit Guarantee Corporation' (DICGC) is a wholly owned subsidiary of:
A. Securities and Exchange Board of India
B. State Bank of India
C. Reserve Bank of India
D. Ministry of Finance
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
The DICGC was established as a wholly owned subsidiary of the Reserve Bank of India (RBI) to provide deposit insurance and guarantee credit facilities.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
Which of the following is not a direct tax?
A. Securities Transaction Tax
B. Corporate tax
C. Minimum Alternate Tax
D. Customs duty
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
Customs duty is an indirect tax. Corporate tax, STT, MAT are direct taxes.
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)?