| 1 |
Pass book is prepared by |
- A. Debtor
- B. Creditor
- C. Banker
- D. Customer
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| 2 |
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
|
| 3 |
Bank reconciliation statement is prepared by |
- A. Banker
- B. Customers Accountant
- C. Auditor
- D. Manager
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| 4 |
Credit Balance of pass book must be equal to debit balance of |
- A. Cash Book
- B. Bank Ledger
- C. Clients other Account
- D. None of these
|
| 5 |
When boan statement shown a debit total balance it means: |
- A. Overdraft as per cash book
- B. Unfavourable balance as per cash book
- C. Favourable balance as per cash book
- D. Overdraft as per bank statement
|
| 6 |
Bank Reconciliation represents |
- A. A Journal
- B. A Ledger
- C. A Statement
- D. both a and c
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| 7 |
Cash account is concerned with: |
- A. Real account
- B. Personal account
- C. Nominal account
- D. Capital account
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| 8 |
The excess of gross profit on sale over total operating expenses is called: |
- A. Cost of goods sold
- B. Gross profit
- C. Net profit
- D. None-operating income
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| 9 |
When saleable goods are bought in a business are called: |
- A. Sales
- B. Purchase
- C. Assets
- D. Goods
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| 10 |
All the direct expenses are charged to: |
- A. Balance sheet
- B. Profit and loss account
- C. Trading account
- D. None of these
|