Credit balance as per Cash Book mean____________?

A: Surplus cash

B: Bank overdraft

C: Terms deposits with bank

D: None of these

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

No account yet? Register

Bank overdraft

Debit side of Bank Pass book corresponds to___________?

A: Credit side of Cash Book

B: Debit side of Cash Book

C: Debit side of Trial Balance

D: Credit side of Balance Sheet

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

No account yet? Register

Credit side of Cash Book

Difference in Bank Balance as per Pass Book and Cash Book may arise on account of_____________?

A: Cheque issued but not presented

B: Cheque issued but dishonoured

C: Cheque deposited and credited by bank

D: Both and B.

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

No account yet? Register

Both and B.

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

Goodwill A/c is a/an__________?

A: Nominal A/c

B: Tangible Asset

C: Intangible Asset

D: Fictitious Asset

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

No account yet? Register

Intangible Asset

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

1 17 18 19 20 21 40