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business
cambridge international as and a level accounting

Questions and Answers of Cambridge International AS And A Level Accounting

In which column would a cash sale be entered?
In which column would a cheque for the payment of rent be entered?
What does the word 'contra' mean?
The cash book is not only a book of prime entry, it is also part of the_________ system.
Fill in the gaps with 'debited' or 'credited'.a. Money taken from the safe and deposited in the bank would be__________ in the cash column of the cash book and be_________ in the bank column.b. Money
Which book of prime entry would you use to record a sale of goods on credit?
Name two source documents used to write up a cash book.
Is it possible to have a credit balance in the cash column of a cash book?
Is it possible to have a credit balance in the bank column of a cash book?
Under what circumstances do we write 'C' for contra against transactions in the cash book?
Explain the term 'cash discount'.
Explain the term 'trade discount'.
Discount_________ is debited to the discount________ account in the general ledger.
Discount_______ is credited to the discount____________ account in the general ledger.
On which side of the cash book would you find the discount allowed column?

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