A simple or one column cash book usually has which of the following main columns?
Correct answer: D. Cash
- A. Bank
- B. Payments
- C. Discount
- D. Cash
Explanation
A simple or one-column cash book has only one amount column, the cash column. Bank and discount columns are added in more advanced forms of the cash book.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Accounting Principles
Accounting principles explain the rules used to record, classify and report business transactions. Coverage includes the accounting equation, double-entry system, accrual and cash bases, matching and prudence concepts, consistency, going concern, business entity, and the difference between capital and revenue items.
Practise Accounting Principles
351 free Accounting Principles MCQs from Accounting, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Accounting questions like this
Accounting is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Accounting Principles questions
Purchase of office equipment for cash will be recorded on which of the following sides of a cash book?
Postage stamps on hand are considered as_________?
A cash book that is used to record the small payments of cash is generally referred as_________?
Cash book with cash and discount column is mostly referred as________?
Which of the following is generally not the party to a check?
Postdated checks are considered as__________?