The periodic total of sales day book is posted to___________?

✅ B. Accountant of business

Option A : Bank Option B : Accountant of business Option C : Manager of a company Option D : Banks cashier Correct Answer : Accountant of business Read more

✅ D. Capital Reserve A/c

Option A : General Reserve A/c Option B : Profit & Loss A/c Option C : Asset A/c Option D : Capital Reserve A/c Correct Answer : Capital Reserve A/c Read more

✅ D. The favorable bank balance as per Pass Book is less than the Bank balance as per Cash book

Option A : The Trial Balance will not agree Option B : The balance of creditors is understated Option C : The purchases are understated Option D : The favorable bank balance as per Pass Book is less than the Bank balance as per Cash book Correct Answer : The favorable bank balance as per Pass Book is less than… Read more

✅ A. Receipts

Option A : Receipts Option B : Payments Option C : Incomes Option D : Expenditures Correct Answer : Receipts Read more

✅ C. Petty cash column

Option A : Cash column Option B : Bank column Option C : Petty cash column Option D : Discount column Correct Answer : Petty cash column Read more

✅ C. Intangible Asset

Option A : Nominal A/c Option B : Tangible Asset Option C : Intangible Asset Option D : Fictitious Asset Correct Answer : Intangible Asset Read more

✅ A. Financial results of the concern for a period

Option A : Financial results of the concern for a period Option B : Financial position of the concern on a particular date Option C : Financial results of the concern on a particular date Option D : Cost of goods sold during the period Read More Details about this Mcq Correct Answer : Financial results of the concern for… Read more

✅ B. It is adjusted in the Purchase A/c

Option A : It is already adjusted in the opening stock Option B : It is adjusted in the Purchase A/c Option C : It is adjusted in the Cost of Sale A/c Option D : It is adjusted in the Profit &Loss A/c Correct Answer : It is adjusted in the Purchase A/c Read more