Accounting Mcqs

Page No. 50

The Bank Reconciliation Statement is prepared?


aTo rectify the mistakes in the Cash Book


bTo arrive at the Bank Balance


cTo arrive at the Cash Balance


dTo bring out the reasons for the difference between the Balance as per Cash Book and the Balance as per Bank Statement



Difference in Bank Balance as per Pass Book and Cash Book may arise on account of_____________?


aCheque issued but not presented


bCheque issued but dishonoured


cCheque deposited and credited by bank


dBoth A. and B.


View Answer Both A. and B.

Debit side of Bank Pass book corresponds to___________?


aCredit side of Cash Book


bDebit side of Cash Book


cDebit side of Trial Balance


dCredit side of Balance Sheet



Credit balance as per Cash Book mean____________?


aSurplus cash


bBank overdraft


cTerms deposits with bank


dNone of these


View Answer Bank overdraft

Which of these items are taken into consideration for preparation of adjusted Cash Book


aMistake in Cash Book


bMistake in Pass Book


cCheque issued but not presented for payment


dCheques deposited but not cleared


View Answer Mistake in Cash Book

Which of these documents is not required for Bank Reconciliation?


aBank column of Cash Book


bBank Pass Book


cBank Statement


dTrial Balance


View Answer Trial Balance

Generally the term fund is used to mean the difference between?


aCurrent assets and current liabilities


bProfit and loss A/C and Balance sheet


cCurrent assets and non-current liabilities


dCurrent liabilities and non-current liabilities



Cash received from debtors would be deemed as___________of funds.


aNo flow


bSources


cUses


dGain


View Answer No flow

Expenses of the following nature are treated as a Revenue expenses except__________?


aExpenses for day to day running of the business


bPutting the new asset in working condition


cDepreciation


dPurchase of raw material



Which of these types of expenditure would not be treated as a Capital Expenditure?


aAcquisition of an Asset


bExtension of an Asset


cImprovement of the existing Asset


dMaintenance of the Asset



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