Close Menu
Login
(Sponsored by Sir Tauqeer)
Join Sir Tauqeer Whatsaap group
(Sponsored by Sir Tauqeer)
Join Sir Tauqeer Whatsaap group
(Sponsored by Sir Tauqeer)
Join Sir Tauqeer Whatsaap group
By Accounting Mcqs No Comments

Balance of cashbook shows the: __________?

A. Deposited amount in bank
B. Difference between income and expenditure
C. Total of cash available
D. Interest earned

Submitted by: Jamil Shar

Explanation:
The balance of a cashbook represents the total amount of cash on hand and in the bank at a given time. It includes all cash receipts and payments and provides an overview of the available cash balance.

Other options are incorrect because:

A. Deposited amount in bank: The cashbook may also include cash on hand, not just bank deposits.
B. Difference between income and expenditure: This represents profit or loss, not the cash balance.
D. Interest earned: While interest earned may be recorded in the cashbook, it is not the cashbook’s balance.

Related Mcqs:

  1. Debit balance = Credit balance in a trial balance indicates that:

    A. No error in recording transactions
    B. No error in posting entries to ledger accounts
    C. Account balances are correct
    D. Mathematically Capital+Liabilities=Assets

  2. If debit balances = credit balances, trial balance only shows or check the ____________ and it does not indicate that no errors were made during recording and posting.

    A. Arithmetic accuracy
    B. Errors of commission
    C. Omissions of economic events
    D. Understatements of balances

  3. Which of the following account with normal balance is shown at the debit side of a trial balance?

    A. Rent income account
    B. Creditors account
    C. Unearned income account
    D. Cash account

  4. Which of the following account with normal balance is shown at the credit side of a trial balance?

    A. Cash account
    B. Bank account
    C. Equipment account
    D. Accrued expenses account

  5. If debit balance is greater than creadit balance then the account blance will be__________?

    A. Credit balance
    B. Debit and credit balance
    C. Cash balance
    D. Debit balance

  6. Which of the following is not a cause of difference in balance as per cash book and balance as per bank pass book___________?

    A. Errors in cash book
    B. Errors in pass book
    C. Cheques deposited and cleared
    D. Cheques issued but not presented for payment

  7. Balance as per cash book(adjusted.=$1000, Unpresented checks=$2000, Uncredited checks=$500, Deposit in transit=$500. Compute the balance as per bank statement.

    A. $2000
    B. Zero
    C. $3000
    D. $2500

  8. Arrangement of Balance Sheet in a logical order is known as __________?

    A. Dressing Balance Sheet
    B. Marshalling Balance Sheet
    C. Formatting Balance Sheet
    D. Make up of Balance Sheet

  9. The Profit and Loss Account shows the:

    A. Financial results of the concern for a period
    B. Financial position of the concern on a particular date
    C. Financial results of the concern on a particular date
    D. Cost of goods sold during the period

  10. The balance of Revaluation Reserve pertaining to an asset that has been disposed off or retired can be transferred to?

    A. General Reserve A/c
    B. Profit & Loss A/c
    C. Asset A/c
    D. Capital Reserve A/c

The correct answer to the question: "Balance of cashbook shows the: __________?" is "Total of cash available".

Share.
Leave A Reply

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The reCAPTCHA verification period has expired. Please reload the page.