Bank reconciliation is a statement prepared to reconcile__________?

✅ 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

✅ D. Trading and Profit and Loss A/c

Option A : Balance Sheet Option B : Profit and Loss appropriation A/c Option C : Manufacturing A/c Option D : Trading and Profit and Loss A/c Correct Answer : Trading and Profit and Loss A/c Read more

✅ D. $3000 will be subtracted from cash book balance

Option A : $1000 will be added to cash book balance Option B : $2000 will be deducted from cash book balance Option C : $3000 will be added to cash book balance Option D : $3000 will be subtracted from cash book balance Correct Answer : $3000 will be subtracted from cash book balance Read more

✅ C. On the liabilities side under current liabilities

Option A : On the assets side under current assets Option B : On the assets side under loans and advances Option C : On the liabilities side under current liabilities Option D : On the liabilities side under provisions Correct Answer : On the liabilities side under current liabilities Read more

✅ B. 1,500

Option A : 1,600 Option B : 1,500 Option C : 1,000 Option D : 1,800 Correct Answer : 1,500 Read more

✅ A. 2,40,000

Option A : 2,40,000 Option B : 2,10,000 Option C : 2,00,000 Option D : 1,80,000 Correct Answer : 2,40,000 Read more

✅ A. sale is effected

Option A : sale is effected Option B : cash is received Option C : production is completed Option D : debts are collected Correct Answer : sale is effected Read more

✅ D. Conversion cost

Option A : Prime cost Option B : Explicit cost Option C : Job order cost Option D : Conversion cost Correct Answer : Conversion cost Read more