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Voucher Approach Accounting 200 MCQs

The document consists of a series of questions and answers regarding accounting vouchers. Key points include that a voucher serves as proof of transaction, a receipt voucher is used when cash is received, contra vouchers are for cash transfers between cash and bank, journal vouchers are for adjustment and non-cash transactions, and petty cash expenses are recorded in petty cash vouchers. The correct answers are consistently repeated throughout the document.

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swaminishant5556
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
18 views25 pages

Voucher Approach Accounting 200 MCQs

The document consists of a series of questions and answers regarding accounting vouchers. Key points include that a voucher serves as proof of transaction, a receipt voucher is used when cash is received, contra vouchers are for cash transfers between cash and bank, journal vouchers are for adjustment and non-cash transactions, and petty cash expenses are recorded in petty cash vouchers. The correct answers are consistently repeated throughout the document.

Uploaded by

swaminishant5556
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Q1.

A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q2. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q3. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q4. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q5. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q6. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q7. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q8. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q9. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q10. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q11. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q12. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q13. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q14. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q15. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q16. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q17. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q18. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q19. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q20. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q21. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q22. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q23. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q24. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q25. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher
Q26. A voucher in accounting serves as:
a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q27. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q28. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q29. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q30. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q31. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q32. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q33. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q34. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q35. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q36. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q37. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q38. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q39. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q40. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q41. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q42. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q43. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q44. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q45. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q46. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q47. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q48. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q49. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q50. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q51. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q52. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q53. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q54. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q55. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q56. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q57. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q58. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these
Q59. Journal vouchers are prepared for:
a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q60. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q61. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q62. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q63. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q64. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q65. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q66. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q67. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q68. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q69. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q70. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q71. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q72. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q73. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q74. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q75. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q76. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q77. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q78. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q79. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q80. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q81. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q82. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q83. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these
Q84. Journal vouchers are prepared for:
a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q85. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q86. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q87. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q88. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q89. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q90. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q91. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q92. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q93. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q94. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q95. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q96. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q97. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q98. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q99. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q100. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q101. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q102. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q103. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q104. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q105. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q106. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q107. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q108. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q109. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q110. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q111. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q112. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q113. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q114. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q115. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q116. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction
Q117. Which voucher is used when cash is received?
a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q118. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q119. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q120. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q121. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q122. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q123. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q124. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q125. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q126. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q127. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q128. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q129. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q130. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q131. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q132. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q133. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q134. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q135. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q136. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q137. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q138. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q139. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q140. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q141. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction
Q142. Which voucher is used when cash is received?
a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q143. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q144. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q145. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q146. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q147. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q148. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q149. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q150. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q151. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q152. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q153. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q154. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q155. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q156. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q157. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q158. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q159. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q160. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q161. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q162. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q163. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q164. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q165. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q166. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q167. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q168. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q169. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q170. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q171. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q172. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q173. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q174. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these
Q175. Petty cash expenses are recorded in:
a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q176. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q177. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q178. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q179. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q180. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q181. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q182. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q183. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q184. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q185. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q186. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q187. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q188. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q189. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q190. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q191. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q192. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q193. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q194. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these

Q195. Petty cash expenses are recorded in:


a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

Q196. A voucher in accounting serves as:


a) Proof of transaction
b) Profit tool
c) Tax return form
d) Balance sheet item
■ Correct Answer: a) Proof of transaction

Q197. Which voucher is used when cash is received?


a) Receipt Voucher
b) Payment Voucher
c) Contra Voucher
d) Journal Voucher
■ Correct Answer: a) Receipt Voucher

Q198. Contra voucher is used for:


a) Cash deposit in bank
b) Cash withdrawal
c) Transfer between cash & bank
d) All of these
■ Correct Answer: d) All of these

Q199. Journal vouchers are prepared for:


a) Adjustment entries
b) Rectification entries
c) Non-cash transactions
d) All of these
■ Correct Answer: d) All of these
Q200. Petty cash expenses are recorded in:
a) Receipt Voucher
b) Payment Voucher
c) Petty Cash Voucher
d) Contra Voucher
■ Correct Answer: c) Petty Cash Voucher

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