Which of the following is used in the public sector to monitor or control government expenditure?
sales day book
cash book
cheque
vote book
Correct answer is D
The vote book is a memorandum book which is maintained by each sub-head to control and monitor government expenditure.
Which of these is the main source document for recording cash paid into bank?
Invoice
Credit note
Cheque book
Pay-in-slip
Correct answer is D
A pay-in-slip is a bank deposit that is used to deposit money into a bank account. It includes information such as date, account number, amount to be paid etc.
The accounting system in which only one aspect of transaction is recorded is
Single entry
Single column cash book
Original entry
Double entry
Correct answer is A
No explanation has been provided for this answer.
One of the options below is not the source of income for non - profit organization
Ordinary shares
Donations
Subscription/dues
Entrance fees
Correct answer is C
Subscription is the contribution made by the members to the club or society at regular intervals. It can be paid by members in advance or in arrears.
The accounting system in which only one aspect of transaction is recorded is
Single entry
Single column cash book
Original entry
Double entry
Correct answer is A
No explanation has been provided for this answer.