11. Which of the following items is not considered as cash or cash equivalent?

Correct! Wrong!

12. The Cash of a business would change as a result of?

Correct! Wrong!

13. Contra entry is recorded in?

Correct! Wrong!

14. A book in which cash balance and bank balance are simultaneously maintained is known as?

Correct! Wrong!

15. If a business shows a debit balance in its own record of its bank balance, this indicates?

Correct! Wrong!

16. The unfavorable balance of cash in cash book is?

Correct! Wrong!

17. When a company received check from customer. The effect of the transaction is to?

Correct! Wrong!

18. Cash book involves the?

Correct! Wrong!

19. The transaction will be treated as a contra entry when?

Correct! Wrong!

20. When a check is received from a customer and it is deposited into the bank for collection but ultimately returned dishonored, the customer account will be?

Correct! Wrong!

Cash Book I (11-20)
Super Genius ***
Excellent ***
Very Good **
Good *
Fair
Fail

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