Introducing Cash book - JSS2 Business studies Past Questions and Answers - page 1
What is a cash book?
A book for recording only bank transactions
A book for recording all cash transactions
A book for recording only sales transactions
A book for recording only purchase transactions
Which type of cash book contains only one column on each side?
Single column cash book
Two column cash book
Three column cash book
Four column cash book
How many columns are there in a two column cash book?
One
Two
Three
Four
What is recorded in the bank column of a cash book?
Bank transactions
Cash transactions
Discount transactions
Purchase transactions
Which column in a cash book records discounts given or received?
Cash column
Bank column
Discount column
Purchase column
What is the purpose of the cash column in a cash book?
To record bank transactions
To record discount transactions
To record cash receipts and payments
To record purchase transactions
In a three column cash book, what is the third column typically used for?
Bank transactions
Cash transactions
Discount transactions
Purchase transactions
How is the opening balance recorded in a cash book?
At the end of the accounting period
In the middle of the accounting period
At the beginning of the accounting period
It is not recorded
What is the final step in preparing a cash book?
Balancing
Recording transactions
Opening balance
Reconciliation
Where are the entries from the cash book posted?
To the general journal
To the general ledger
To the trial balance
To the income statement