Introducing Cash book - JSS2 Business studies Past Questions and Answers - page 2
11
What does the closing balance of a cash book represent?
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A
Total sales
B
Total purchases
C
Difference between total receipts and total payments
D
Bank balance only
12
Which type of cash book is suitable for small businesses with straightforward cash transactions?
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A
Single column cash book
B
Two column cash book
C
Three column cash book
D
Four column cash book
13
What type of transactions are recorded in the bank column of a cash book?
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A
Cash transactions
B
Bank transactions
C
Discount transactions
D
Purchase transactions
14
What is the primary purpose of reconciling the cash book with bank statements?
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A
To record transactions
B
To identify discrepancies
C
To calculate discounts
D
To prepare financial statements
15
How many columns does a three column cash book have?
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A
One
B
Two
C
Three
D
Four
16
What is the purpose of the discount column in a cash book?
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A
To record cash transactions
B
To record bank transactions
C
To record discounts given or received
D
To record purchase transactions
17
What is the main purpose of a cash book?
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18
How many types of cash books are commonly used, and what are they?
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19
What does the bank column in a cash book represent?
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20
What are the typical columns found in a three column cash book?
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