8/17/2019 Amir Ghazi
1/3
Garrison Academy Junior Campus(Gujranwala)
Cash book and Discounts There are FIVE questions on
this paper. Answer all
questions. For each question there are four
possible answers A ! C and ".
#) $n which of the followin%s will cash discount allowed be
&rst recorded'
A) Cash !oo !) %eneral ed%er
C) journal ") *ales Journal
+) A business maintains a two,column cash boo. At # June the
debit balance of the
ban column was -//. Transactions durin% June were
Cheques !aned -#+/
Cheques "rawn from !ans -/
0hat was the "ebit column of the ban at the end of June'
A) -11/ !) -21/
C) -3/ ") -43/
1) 0hat is a Cash !oo
!oo of 5rime 6ntry A led%er Account
A) 7es 8o
!) 8o 7es
C) 7es 7es
") 8o 8o
2) A business eeps a three,column cash boo. 9ow is the total of
the discount
column on the debit side posted'
A) credit discount allowed account
!) credit discount recei:ed account
C) debit discount allowed account
") debit discount recei:ed account
) ee owes *mith -/. 9e pays by cheque after deductin% a #/; cash
discount.
Accountin% 3##/
