A. Receipts
B. Payments
C. Income
D. Expense
Related Mcqs:
- Discount received is recorded on which of the following side of a cash book??
- Drawings by owner of business are generally recorded on which of the following side of a cash book??
- Introduction capital by owner of business is recorded on which side of a cash book??
- Purchase of office equipment for cash will be recorded on which of the following sides of a cash book??
- Which of these transactions will not be recorded in cash book??
- When owner withdraw cash for its private use, it is called ___________??
- A discount of $2000 was given to a supplier on his prompt repayment of debt but the cashier entered the gross amount in cash book. What should be the adjustment in cash to work out the correct balance of cash book??
- $5000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book.?
- Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book??
- Bank sent debit advice of $500 to company being interest on overdraft. It wasn’t entered in cash book. Identify the correct adjustment in cash book.?
