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. Cash purchases
B. Cash sales
C. Cheque received and deposited same day
D. Payment to creditors in cash
Answer: Option C
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
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Practice More Accountancy and Book Keeping Questions

Question #1
An amount of Rs 5,000 received from Mohan was incorrectly credited to Sohan's account. This is an example of:
A. Error of Omission
B. Error of Principle
C. Compensating Error
D. Error of Commission
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Correct Answer: Option D

Explanation:
Posting to the correct side but the wrong personal account is a clerical mistake classified as an error of commission.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
Which budget forms the basis of all other budgets?
A. Cash Budget
B. Production Budget
C. Sales Budget
D. Master Budget
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Correct Answer: Option C

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
In the context of the Cash Book, the term 'C' written against an entry stands for:
A. Contra
B. Credit
C. Cash
D. Carry forward
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Correct Answer: Option A

Explanation:
The letter 'C' in the Ledger Folio column signifies a contra entry, which impacts both cash and bank columns.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
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