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Question Practice

Which of the following is essential for preparing an accurate 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

Which of the following is esse...

Single Answer MCQ
Q-00053983

Which of the following is essential for preparing an accurate cash book?

1

Detailed transaction records

2

Only sales data

3

No expenses recorded

4

Bank statements are unnecessary

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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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