Cash Book MCQs 2026

Petty cash book in accounting refers to

1. A column tracking bank deposits and withdrawals ✓
2. B document supporting cash inflow ✓
3. C cash on hand per books at a date ✓
4. D records small incidental payments ✓

Contra entry in accounting refers to

1. A fixed float replenished to original amount ✓
2. B document supporting cash outflow ✓
3. C entry appearing on both debit and credit sides of cash book ✓
4. D records cash receipts and payments only ✓

Cash discount in accounting refers to

1. A reduction offered for prompt payment ✓
2. B document supporting cash inflow ✓
3. C cash on hand per books at a date ✓
4. D records cash and discount columns ✓

Bank column in accounting refers to

1. A document supporting cash outflow ✓
2. B records cash receipts and payments only ✓
3. C column tracking bank deposits and withdrawals ✓
4. D records small incidental payments ✓

Imprest system in accounting refers to

1. A cash on hand per books at a date ✓
2. B fixed float replenished to original amount ✓
3. C records cash and discount columns ✓
4. D entry appearing on both debit and credit sides of cash book ✓

Payment voucher in accounting refers to

1. A records cash and discount columns ✓
2. B entry appearing on both debit and credit sides of cash book ✓
3. C column tracking bank deposits and withdrawals ✓
4. D document supporting cash outflow ✓

Cash receipt voucher in accounting refers to

1. A records cash receipts and payments only ✓
2. B records small incidental payments ✓
3. C document supporting cash inflow ✓
4. D reduction offered for prompt payment ✓

Cash balance in accounting refers to

1. A cash on hand per books at a date ✓
2. B records small incidental payments ✓
3. C reduction offered for prompt payment ✓
4. D fixed float replenished to original amount ✓

Cash book scenario 67: a Pakistani retail shop must correctly handle internal control step

1. A segregation of duties and authorization before recording ✓
2. B ignore the transaction until next fiscal year ✓
3. C record only one side of the entry ✓
4. D post directly to retained earnings without analysis ✓

Cash book scenario 16: a Pakistani retail shop must correctly handle reconciliation procedure

1. A compare independent records and explain differences ✓
2. B ignore the transaction until next fiscal year ✓
3. C record only one side of the entry ✓
4. D post directly to retained earnings without analysis ✓

Single column cash book in accounting refers to

1. A entry appearing on both debit and credit sides of cash book ✓
2. B column tracking bank deposits and withdrawals ✓
3. C document supporting cash inflow ✓
4. D records cash receipts and payments only ✓

Double column cash book in accounting refers to

1. A records cash and discount columns ✓
2. B reduction offered for prompt payment ✓
3. C fixed float replenished to original amount ✓
4. D document supporting cash outflow ✓