Generally the term fund is used to mean the difference between?

A: Current assets and current liabilities

B: Profit and loss A/C and Balance sheet

C: Current assets and non-current liabilities

D: Current liabilities and non-current liabilities

Answer & Explanation Discussion
Save for Later (0)
Please login to bookmarkClose

No account yet? Register

Current assets and current liabilities

Which of these documents is not required for Bank Reconciliation?

A: Bank column of Cash Book

B: Bank Pass Book

C: Bank Statement

D: Trial Balance

Answer & Explanation Discussion
Save for Later (0)
Please login to bookmarkClose

No account yet? Register

Trial Balance

Which of these items are taken into consideration for preparation of adjusted Cash Book

A: Mistake in Cash Book

B: Mistake in Pass Book

C: Cheque issued but not presented for payment

D: Cheques deposited but not cleared

Answer & Explanation Discussion
Save for Later (0)
Please login to bookmarkClose

No account yet? Register

Mistake in Cash Book

Posting is the process of____________?

A: Posting the letters in drop box

B: Posting suitable person to a suitable job

C: Entering in the ledger the information contained in the ledger

D: All the three

Answer & Explanation Discussion
Save for Later (0)
Please login to bookmarkClose

No account yet? Register

Entering in the ledger the information contained in the ledger

A book wherein various accounts are opened is called____________?

A: Subsidiary books

B: Journal

C: Ledger

D: Trial Balance

Answer & Explanation Discussion
Save for Later (0)
Please login to bookmarkClose

No account yet? Register

Ledger

Which of these is not a special purpose journal?

A: Cash journal

B: Purchase journal

C: Debtors journal

D: Sales journal

Answer & Explanation Discussion
Save for Later (0)
Please login to bookmarkClose

No account yet? Register

Debtors journal

The periodic total of sales day book is posted to___________?

A: Sales A/c

B: Cash sales A/c

C: Sales return A/c

D: Credit sales A/c

Answer & Explanation Discussion
Save for Later (0)
Please login to bookmarkClose

No account yet? Register

Sales A/c

The periodic total of purchase day book is posted to____________?

A: Purchase register

B: Purchase A/c

C: Cash purchase A/c

D: Credit purchase A/c

Answer & Explanation Discussion
Save for Later (0)
Please login to bookmarkClose

No account yet? Register

Purchase A/c

Capital expenses are shown in___________?

A: Balance Sheet

B: Profit and Loss A/c

C: Trading A/c

D: None of these

Answer & Explanation Discussion
Save for Later (0)
Please login to bookmarkClose

No account yet? Register

Balance Sheet

Revenue receipts are shown in___________?

A: Balance Sheet

B: Profit and Loss appropriation A/c

C: Manufacturing A/c

D: Trading and Profit and Loss A/c

Answer & Explanation Discussion
Save for Later (0)
Please login to bookmarkClose

No account yet? Register

Trading and Profit and Loss A/c

1 17 18 19 20 21 40