Introducing Cash book - JSS2 Business studies Past Questions and Answers - page 2
What does the closing balance of a cash book represent?
Total sales
Total purchases
Difference between total receipts and total payments
Bank balance only
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Which type of cash book is suitable for small businesses with straightforward cash transactions?
Single column cash book
Two column cash book
Three column cash book
Four column cash book
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What type of transactions are recorded in the bank column of a cash book?
Cash transactions
Bank transactions
Discount transactions
Purchase transactions
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What is the primary purpose of reconciling the cash book with bank statements?
To record transactions
To identify discrepancies
To calculate discounts
To prepare financial statements
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How many columns does a three column cash book have?
One
Two
Three
Four
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What is the purpose of the discount column in a cash book?
To record cash transactions
To record bank transactions
To record discounts given or received
To record purchase transactions
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What is the main purpose of a cash book?
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How many types of cash books are commonly used, and what are they?
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What does the bank column in a cash book represent?
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What are the typical columns found in a three column cash book?
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