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Question Practice

What action must be taken for errors found in the cash book?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Recording of Transactions - II
Question Bank

What action must be taken for ...

Single Answer MCQ
Q-00053984

What action must be taken for errors found in the cash book?

1

Ignore them

2

Make correcting entries

3

Increase the balance

4

Combine transactions

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Q1.

What is the purpose of a cash book?

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Q2.

In a double column cash book, what does the bank column represent?

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Q3.

What happens to the contra entries when posting from the cash book to the ledger?

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Q4.

Why might a business choose to maintain a petty cash book?

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