The Cash Book (Junior Cert Business Studies): Quizzes
📚Quizzes
Practise the questions
13 questions from this quiz
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Practise the questions
13 questions from this quiz
What is an analysed cash book described as in the accounting process?
What is an analysed cash book described as in the accounting process?
The first step
Which side of the cash book records money coming IN to the business?
Which side of the cash book records money coming IN to the business?
Debit side only
Which of these is recorded on the CREDIT side of a cash book?
Which of these is recorded on the CREDIT side of a cash book?
Staff wages paid
What is the current VAT rate in Ireland for most goods and services?
What is the current VAT rate in Ireland for most goods and services?
23%
A business sells goods worth €1,000 plus 23% VAT. What is the total received?
A business sells goods worth €1,000 plus 23% VAT. What is the total received?
€1,230
A business buys supplies for €500 plus 23% VAT. What is the total paid?
A business buys supplies for €500 plus 23% VAT. What is the total paid?
€615
Where is a positive opening balance recorded in the cash book?
Where is a positive opening balance recorded in the cash book?
On the debit side
Where is an overdraft opening balance recorded?
Where is an overdraft opening balance recorded?
On the credit side
What does 'Balance c/d' stand for in the cash book?
What does 'Balance c/d' stand for in the cash book?
Balance carried down
What is Step 3 in the four-step balancing process?
What is Step 3 in the four-step balancing process?
Find difference = closing balance
Which is a reason businesses prepare analysed cash books?
Which is a reason businesses prepare analysed cash books?
To monitor cash flow patterns
Which entry is typical for not-for-profit organisations' cash books?
Which entry is typical for not-for-profit organisations' cash books?
Fundraising event income
Which of these is recorded on the DEBIT side of a cash book?
Which of these is recorded on the DEBIT side of a cash book?
VAT refunds received