Cash Book Questions and Answers
What is the cash book. What are the Advantages of Petty cash Book.
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Lack of funds No signature Amount in words and figures differ No date Or other suitable reason.
. In order to score well in this interview question an efficient way is to give a list of qualities and skills that are in alignment. Do your homework Youll likely be asked difficult questions during the interview. Asked Jan 2 in Business Studies Form 3 by FaithMalel.
1st March 2014 1. The petty cash book is a cash book that records the number of petty cash receipts from the chief cashier as well as the details of petty cash payments made by the petty cashier. Y started the business with a capital of 50000 on April 1 2019.
Practical Example. On April 19 he. Received from Salman Rs590 and allowed him discount Rs10.
CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - II. Cash book 15 b From your answer to a complete items i ii iiiiv and in the following extract. B If mentioned OD balance then will be debited on debit side of cash.
What should be the qualities of cashbook clerk. Make the necessary entries in Soharas cash book to record the above transactions. IiExplain the entry on 11 September.
Out of the capital invested 20000 is deposited in the bank account on the same day. If you run into any difficulties when answering these questions you should read our cash book article in the explanation section of this website. Prepare Simple Cash Book from the following transactions of Mr.
Over drawn balance of cash book is recorded on. Top 6 job tips for cashbook interview see details in next page 14. These questions were extracted from Yabatechs past questions.
The two main methods of bookkeeping and accounting are 1 the cash method and 2 the. -entry bookkeeping means that every transaction will affect two or more accounts. Cash Book Accounting Question 1.
The advantages of petty cash book are as follows. Cash in hand Rs1532 and balance at bank Rs18500. Purpose of a cash book.
This is a contra entry Cash has been. There are three questions on the Cash Book Accounting in this post for you. With Goods and Services Tax GST Prepare Simple Cash.
Cash Book Questions and Answers 0 votes. A If Dr or Cr balance not mentioned will be overdrawn balance. Rule the three columns Cash Book of Merchant and record therein the following transactions.
Download PDF of DK Goel Accountancy Class 11 Solutions Chapter 11 Books of Original Entry Cash Book. It saves the general cashier valuable time. The above-provided solutions are considered to be the best solution for DK Goel.
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