Author: Faraz Ahmed – Page 22

✅ B. Bank overdraft

Option A : Surplus cash Option B : Bank overdraft Option C : Terms deposits with bank Option D : None of these Correct Answer : Bank overdraft Read more

✅ A. Credit side of Cash Book

Option A : Credit side of Cash Book Option B : Debit side of Cash Book Option C : Debit side of Trial Balance Option D : Credit side of Balance Sheet Correct Answer : Credit side of Cash Book Read more

✅ D. Both and B.

Option A : Cheque issued but not presented Option B : Cheque issued but dishonoured Option C : Cheque deposited and credited by bank Option D : Both and B. Correct Answer : Both and B. Read more

✅ C. Intangible Asset

Option A : Nominal A/c Option B : Tangible Asset Option C : Intangible Asset Option D : Fictitious Asset Correct Answer : Intangible Asset Read more

✅ C. Entering in the ledger the information contained in the ledger

Option A : Posting the letters in drop box Option B : Posting suitable person to a suitable job Option C : Entering in the ledger the information contained in the ledger Option D : All the three Correct Answer : Entering in the ledger the information contained in the ledger Read more

✅ C. Ledger

Option A : Subsidiary books Option B : Journal Option C : Ledger Option D : Trial Balance Correct Answer : Ledger Read more

✅ C. Debtors journal

Option A : Cash journal Option B : Purchase journal Option C : Debtors journal Option D : Sales journal Correct Answer : Debtors journal Read more

✅ A. Sales A/c

Option A : Sales A/c Option B : Cash sales A/c Option C : Sales return A/c Option D : Credit sales A/c Correct Answer : Sales A/c Read more

✅ B. Purchase A/c

Option A : Purchase register Option B : Purchase A/c Option C : Cash purchase A/c Option D : Credit purchase A/c Correct Answer : Purchase A/c Read more

✅ A. Balance Sheet

Option A : Balance Sheet Option B : Profit and Loss A/c Option C : Trading A/c Option D : None of these Correct Answer : Balance Sheet Read more