Recording of Transactions – II · Class 11 · CBSE · Commerce Accountancy
A cash book with cash, bank, and discount columns is known as:
Practice question from Recording of Transactions – II (Class 11 · CBSE · Commerce Accountancy), with the correct answer and a step-by-step solution.
easy · MCQ · Q-31E7B5
A cash book with cash, bank, and discount columns is known as:
- A.Simple Cash Book
- B.Double Column Cash Book
- C.Triple Column Cash BookCorrect answer
- D.Petty Cash Book
Solution
A Triple Column Cash Book has three amount columns on both the debit and credit sides: Cash, Bank, and Discount. The discount column records discount allowed and discount received.
More from Recording of Transactions – II
- Which of the following subsidiary books records all credit purchases of goods dealt in by the business?
- What document is issued by the seller to the buyer when goods are returned by the buyer?
- What is a contra entry in accounting, and in which book is it recorded?
- Which of the following transactions is recorded in the Journal Proper?
Practise more Accountancy
Sign up free for adaptive practice on this chapter, with instant feedback and hints on every question.
Start practising freeFree to start · No credit card needed