| 1 |
In form journal, the first column represents: |
- A. Ledger Folio
- B. Data
- C. Amount
- D. Debit
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| 2 |
Bank reconciliation statement is prepared by |
- A. Banker
- B. Customers Accountant
- C. Auditor
- D. Manager
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| 3 |
Retiring a bill under rebate means: |
- A. Making payment for the bill before the due date
- B. Making payment for the bill after the due date
- C. Dishonouring bill
- D. None of the above
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| 4 |
The rules of the debiting the receiving and crediting the giver is applicable to: |
- A. Persona account
- B. Real account
- C. Nominal account
- D. Expense account
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| 5 |
The balance of petty cash book is a/an |
- A. Asset
- B. Liability
- C. Expense
- D. Income
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| 6 |
All the time of endorsement of a bill the drawer credits: |
- A. The drawee account
- B. The endorser's personal account
- C. Bill receivable account
- D. Endorser's account
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| 7 |
In three column cash book, discount column is |
- A. Totaled
- B. Balanced
- C. Carry Forward
- D. Both a and b
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| 8 |
The cash book is a |
- A. Subsidiary Journal
- B. Ledger Account
- C. Subsidiary Journal and Ledger
- D. Trial Balance
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| 9 |
When ban column of a cash book shows a debit balance it means: |
- A. Overdraft as per bank
- B. Unfavourable balance as per cash book
- C. Favourable balance as per cash book
- D. Favourable balance as per pass book
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| 10 |
The owner of the business is known as: |
- A. Sale man
- B. Agent
- C. Proprietor
- D. Employee
|