Category

Accounting Mcqs


Postdated cheques are considered as


aCash


bBank balance


cAccounts receivable


dCash reserve


View Answer Accounts receivable

Purchase of office equipment for cash will be recorded on which side of a cash book?


aReceipts


bPayments


cIncomes


dExpenditures


View Answer Payments

A cash book that is used to record the small payments of cash is generally referred to as


aSimple cash book


bTwo columns cash book


cThree columns cash book


dPetty cash book


View Answer Petty cash book

Cash book with cash and discount column is mostly referred to as


aSimple cash book


bTwo columns cash book


cThree columns cash book


dPetty cash book


View Answer Two columns cash book

Introduction of capital by owner of business is recorded on which side of a cash book?


aReceipts


bPayments


cIncomes


dExpenditures


View Answer Receipts

Favourable balance of cash book implies


aCredit balance of cash book


bDebit balance of cash book


cBank overdraft


dAdjusted balance of cash book



_______ are cheques that are issued by the business but not yet presented to bank for payment


aUncollected cheques


bUncredited cheques


cOutstanding cheques


dBounced cheques


View Answer Outstanding cheques

Unpresented cheques are also referred to as


aUncollected cheques


bUncredited cheques


cOutstanding cheques


dBounced cheques


View Answer Outstanding cheques

A cheque returned by bank marked "NSF" means that


aBank can't verify your identity


bThere are not sufficient funds in your account


cCheque has been forged


dCheque can't be cashed being illegal



Bank Reconciliation statement is the comparison of a bank statement (sent by bank) with the


aCash receipt journal


bCash payment journal


cCash book


dFinancial statements


View Answer Cash book

Alphabetical MCQs Categories

Here below You find all kind of categories of MCQs in alphabetical order.




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