Management Sciences MCQs – Page 542

✅ B. Uncredited checks

Option A : Unpresented checks Option B : Uncredited checks Option C : Outstanding checks Option D : Bounced checks Correct Answer : Uncredited checks Read more

✅ A. Credit balance

Option A : Credit balance Option B : Debit balance Option C : Bank overdraft Option D : Adjusted balance Correct Answer : Credit balance Read more

✅ A. Adjusted

Option A : Adjusted Option B : Unadjusted Option C : Understated Option D : Overstated Correct Answer : Adjusted Read more

✅ C. Outstanding checks

Option A : Uncollected checks Option B : Uncredited checks Option C : Outstanding checks Option D : Bounced checks Read More Details about this Mcq Correct Answer : Outstanding checks Read more

✅ B. $2000 will be credited in cash book

Option A : $2000 will be debited in cash book Option B : $2000 will be credited in cash book Option C : $4000 will be debited in cash book Option D : $4000 will be credited in the cash book Correct Answer : $2000 will be credited in cash book Read more

✅ A. Credited in the cash book

Option A : Credited in the cash book Option B : Debited in the cash book Option C : Entered in the bank statement Option D : Entered in the petty cash balance Correct Answer : Credited in the cash book Read more

✅ B. Uncredited checks

Option A : Unpresented checks Option B : Uncredited checks Option C : Outstanding checks Option D : Bounced checks Correct Answer : Uncredited checks Read more

✅ C. Outstanding checks

Option A : Uncollected checks Option B : Uncredited checks Option C : Outstanding checks Option D : Bounced checks Correct Answer : Outstanding checks Read more

✅ B. $500 will be credited

Option A : $500 will be debited Option B : $500 will be credited Option C : Non-adjustable Option D : $1000 will be subtracted Correct Answer : $500 will be credited Read more

✅ B. There are not sufficient funds in your account

Option A : Bank cant verify your identity Option B : There are not sufficient funds in your account Option C : Check has been forged Option D : Check cant be cashed being illegal Correct Answer : There are not sufficient funds in your account Read more

✅ A. Accountant of the business

Option A : Accountant of the business Option B : Manager of the business Option C : Controller of the bank Option D : Accountant of the bank Correct Answer : Accountant of the business Read more

✅ C. Bank charges will be credited in cash book

Option A : Bank charges will be debited in cash book Option B : Bank charges will be added to cash book balance Option C : Bank charges will be credited in cash book Option D : Bank charges need no adjustment in cash book Correct Answer : Bank charges will be credited in cash book Read more

✅ B. Debit balance of cash book

Option A : Credit balance of cash book Option B : Debit balance of cash book Option C : Bank overdraft Option D : Adjusted balance of cash book Correct Answer : Debit balance of cash book Read more

✅ C. Cash book

Option A : Cash receipt journal Option B : Cash payment journal Option C : Cash book Option D : Financial statements Correct Answer : Cash book Read more

✅ B. Added to bank balance

Option A : Subtracted from bank balance Option B : Added to bank balance Option C : Added to Cash book balance Option D : Subtracted from cash book balance Correct Answer : Added to bank balance Read more

✅ B. 1881

Option A : 1981 Option B : 1881 Option C : 1871 Option D : 2001 Correct Answer : 1881 Read more

✅ D. Amount to be paid in foreign currency

Option A : Unconditional Option B : Certainty of amount Option C : In writing Option D : Amount to be paid in foreign currency Correct Answer : Amount to be paid in foreign currency Read more

✅ A. Triplicate

Option A : Triplicate Option B : Duplicate Option C : Single Option D : Quadruplicate Correct Answer : Triplicate Read more

✅ A. Acceptance

Option A : Acceptance Option B : Unconditional promise to pay Option C : Properly stamped Option D : Payment to be made legal currency Correct Answer : Acceptance Read more

✅ A. 4/4/2013

Option A : 4/4/2013 Option B : 3/4/2013 Option C : 1/4/2013 Option D : 31-3-2013 Correct Answer : 4/4/2013 Read more