Cash Book Quiz
Three easy multiple-choice questions testing core cash book concepts and practical application.
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Quiz Questions & Answers
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Question 1: What is a cash book in accounting?
A book that records only credit transactions
A book that records all cash and bank transactions
A book that records only sales transactions
Question 2: Which of the following is a feature of a cash book?
It records both receipts and payments
It records only expenses
It records only revenues
Question 3: Why is the cash book important?
To delay tax reporting until year-end and avoid interim checks
It provides a continuous record of cash and bank balances
It eliminates the need for journals