Favorable balance of cash book implies that
Favorable balance of cash book implies that
Debit balance of cash book | |
Credit balance of cash book | |
Adjusted balance of cash book | |
Bank overdraft |
پاک اسٹڈی لائبریری اپنی خدمات کو بہتر کرنے کے لئے نئے سوفٹ وئیر انسٹال کررہی ہے ۔ اس لئے آئندہ کچھ دن آپ کو کچھ صفحات تک رسائی میں مشکلات کا سامنا ہوسکتا ہے ۔ جس کے لئے ہم معذرت خواہ ہیں۔
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Favorable balance of bank statement implies that
Favorable balance of bank statement implies that
Debit balance | |
Adjusted balance | |
Bank overdraft | |
Credit balance |
Bank sent debit advice of $500 to company being interest on overdraft. It wasn’t entered in cash book. Identify the correct adjustment in cash book.
Bank sent debit advice of $500 to company being interest on overdraft. It wasn’t entered in cash book. Identify the correct adjustment in cash book.
$1000 will be subtracted | |
$500 will be credited | |
Non-adjustable | |
$500 will be debited |
Bank reconciliation statement is the comparison of a bank statement (sent by bank) with the _________ (prepared by business).
Bank reconciliation statement is the comparison of a bank statement (sent by bank) with the _________ (prepared by business).
Cash book | |
Cash payment journal | |
Financial statements | |
Cash receipt journal |
Bank reconciliation statement is prepared by____________?
Bank reconciliation statement is prepared by____________?
Accountant of the business | |
Manager of the business | |
Controller of the bank | |
Accountant of the bank |
Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book?
Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book?
Bank charges will be debited in cash book | |
Bank charges will be credited in cash book | |
Bank charges need no adjustment in cash book | |
Bank charges will be added to cash book balance |
Balance as per cash book(adjusted.=$1000, Unpresented checks=$2000, Uncredited checks=$500, Deposit in transit=$500. Compute the balance as per bank statement.
Balance as per cash book(adjusted.=$1000, Unpresented checks=$2000, Uncredited checks=$500, Deposit in transit=$500.
Zero | |
$2,000 | |
$2,500 | |
$3,000 |
A discount of $2000 was given to a supplier on his prompt repayment of debt but the cashier entered the gross amount in cash book. What should be the adjustment in cash to work out the correct balance of cash book?
A discount of $2000 was given to a supplier on his prompt repayment of debt but the cashier entered the gross amount in cash book.
$4000 will be debited in cash book | |
$2000 will be debited in cash book | |
$4000 will be credited in the cash book | |
$2000 will be credited in cash book |
A company was entered in hire purchase agreement and had to pay $1000 per month. Three payments were made via bank account but no entry was found in cash book. Identify the correct adjustment in cash book
A company was entered in hire purchase agreement and had to pay $1000 per month.
$2000 will be deducted from cash book balance | |
$1000 will be added to cash book balance | |
$3000 will be subtracted from cash book balance | |
$3000 will be added to cash book balance |
A check returned by bank marked “NSF” means that:
A check returned by bank marked “NSF” means that:
Bank can’t verify your identity | |
Check can’t be cashed being illegal | |
Check has been forged | |
There are not sufficient funds in your account |
A cash deposit made by business appears on the bank statement as _______ balance?
A cash deposit made by business appears on the bank statement as _______ balance?
Credit | |
Liability | |
Debit | |
Expenses |
$5000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book.
$5000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book.
$5000 will be credited | |
$10,000 will be debited | |
$10,000 will be credited | |
$5000 will be debited |
On which date is Death Anniversary of Quaid e Azam observed ?
On which date is Death Anniversary of Quaid e Azam observed ?
11th September | |
21st March | |
9th November | |
11th October |