| 1 |
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
|
| 2 |
An Entry which is recorded on the both sides of cash book is called |
- A. Simple Entry
- B. Compound Entry
- C. Combined Entry
- D. Contra Entry
|
| 3 |
Cheques issued to a creditor but not presented for payment are called |
- A. Un Credited Cheques
- B. Uncollected Cheques
- C. Un Presented Cheques
- D. Dishonoured Cheques
|
| 4 |
In accounting all business transactions are recorded which have: |
- A. Dual aspect
- B. Single aspect
- C. None of the above
- D. Economic aspect
|
| 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 |
Cash account is concerned with: |
- A. Real account
- B. Personal account
- C. Nominal account
- D. Capital account
|
| 7 |
Bank reconciliation statement is prepared by |
- A. Banker
- B. Customers Accountant
- C. Auditor
- D. Manager
|
| 8 |
Our cheque to Babar & Bros, returned dishonoured should be credited to |
- A. Cheque Account
- B. Cash Account
- C. Bank Account
- D. Babar & Bros A/c
|
| 9 |
In three column cash book, discount column is |
- A. Totaled
- B. Balanced
- C. Carry Forward
- D. Both a and b
|
| 10 |
All the direct expenses are charged to: |
- A. Balance sheet
- B. Profit and loss account
- C. Trading account
- D. None of these
|