Balance as per cash book(adjusted.=$1000, Unpresented checks=$2000, Uncredited checks=$500, Deposit in transit=$500. Compute the balance as per bank statement.

✅ A. Acceptors Account is debited in the books of drawer

Option A : Acceptors Account is debited in the books of drawer Option B : Bills Receivable Account is credited in the books of drawer Option C : Bank Account is debited in the books of drawer Option D : Bills Payable Account is debited in the books of drawer Read More Details about this Mcq Correct Answer : Acceptors… Read more

✅ C. Historical cost “ Depreciation portion thereof

Option A : Replacement cost “ Accumulated Depreciation Option B : Historical cost “ Salvage Value Option C : Historical cost “ Depreciation portion thereof Option D : Original cost adjusted for general price-level changes Correct Answer : Historical cost “ Depreciation portion thereof Read more

✅ A. Debtor

Option A : Debtor Option B : Creditor Option C : Defaulter Option D : Offender Correct Answer : Debtor Read more

✅ C. Profit and Loss A/c

Option A : In Trading A/c Option B : In Profit and Loss Appropriation A/c Option C : Profit and Loss A/c Option D : Being a non operating item ignored Correct Answer : Profit and Loss A/c Read more

✅ A. Inventory system

Option A : Inventory system Option B : Survey system Option C : Annuity system Option D : Insurance Correct Answer : Inventory system Read more

✅ C. 4th July,2018

Option A : 30th June,2018 Option B : 1st July,2018 Option C : 4th July,2018 Option D : 4th August,2018 Read More Details about this Mcq Correct Answer : 4th July,2018 Read more

✅ C. Trading A/c

Option A : Profit and Loss A/c Option B : Capitalized with work in progress Option C : Trading A/c Option D : Shown in Balance Sheet Correct Answer : Trading A/c Read more

✅ C. Commercial cost

Option A : Direct cost Option B : Variable cost Option C : Commercial cost Option D : Conversion cost Correct Answer : Commercial cost Read more