Quiz 63: Cash Book Receipt or Payment

Test your knowledge of double entry bookkeeping with our cash book receipt or payment quiz.

In order to correctly enter transactions into the cash book it is first necessary to be able to identify whether it is a receipt or a payment transaction.

Not Ready for the Quiz?

If you need a refresher course on receipts or payments take a look at our tutorials on the cash receipts journal and the cash disbursements journal and our basics of bookkeeping tutorials.

Start the Receipt or Payment Quiz

Identify whether each of the following transactions is a cash book receipt or a payment.

For each question click on an answer to reveal whether its Right! or Wrong.

1. Payment from a credit customer?
Right!
Wrong

 

2. Cash sale?
Wrong
Right!

 

3. Inventory purchased for cash?
Wrong
Right!
4. Equipment is sold for cash?
Right!
Wrong
5. An accounts payable is settled in cash?
Right!
Wrong

 

6. An accounts receivable is settled in cash?
Wrong
Right!
7. A petty cash float is established?
Wrong
Right!
8. Cash expenses are incurred?
Wrong
Right!
9. Cash takings are banked?
Right!
Wrong
10. Employee wages are settled in cash?
Right!
Wrong

Try Another Double Entry Bookkeeping Quiz

This cash book receipt or payment quiz is one of many of our online quizzes which are used to test your knowledge of double entry bookkeeping, discover another at the links below.

Last modified August 8th, 2017 by Michael Brown

About the Author

Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years in all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a BSc from Loughborough University.

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