Which of the following error results in unadjusted cash book balance?

✅ A. 6441

Option A : 6441 Option B : 5431 Option C : 7654 Option D : 9876 Correct Answer : 6441 Read more

✅ A. Outstanding Salary A/c

Option A : Outstanding Salary A/c Option B : Rent A/c Option C : SBI A/c Option D : Bad debts A/c Correct Answer : Outstanding Salary A/c Read more

✅ B. Asset

Option A : Liability Option B : Asset Option C : Expenses Option D : Income Correct Answer : Asset Read more

✅ A. Profit & Loss Account is prepared for a certain period and hence it is an interim statement

Option A : Profit & Loss Account is prepared for a certain period and hence it is an interim statement Option B : Profit & Loss Account does not disclose the effect of non-financial items Option C : Net Profits are ascertained on the basis of current costs Option D : Net Profits as disclosed by P&L Account is not… 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

✅ C. Assets

Option A : Liability Option B : Gain Option C : Assets Option D : Loss Correct Answer : Assets Read more

✅ C. All such transactions for which no special journal has been kept by the business

Option A : Credit purchase of fixed assets Option B : Return of goods Option C : All such transactions for which no special journal has been kept by the business Option D : None of these Correct Answer : All such transactions for which no special journal has been kept by the business 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