Basic Accounting 2 Test Two
Q1 of 15

Indicate whether the following statements are true or false.

	True	False
Bank charges are recorded on the credit side of the cash book
Cash book is the book of prime entry for bank and cash receipts and payments
Payment for VAT due to HM Revenue and Customs is recorded on the debit side of the cash book
The cash discount column on the receipts side of the cash book is debited to discount received account
Owner's drawings from the bank are recorded on the debit side of the cash book
The purchases ledger column total from cash book is debited to purchases ledger control account in general ledger