A debit balance in the depositor’s Cash Book will be shown as:A. A debit balance in the Bank Statement.B. A credit balance in the Bank Statement.C. An overdrawn balance in the Bank Statement.D. None of the above.
  • A
  • B
  • C
  • D
7 If a purchase return of Rs. 84 has been wrongly posted to the debit of the sales return account, but had been correctly entered in the suppliers account, the total of the trial balance would show:A. The credit side to be Rs. 84 more than debit side.B. The debit side to be Rs. 84 more than credit side.C. The credit side to be Rs. 168 more than debit side.D. The debit side to be Rs. 168 more than credit side.
  • A
  • B
  • C
  • D
When balance as per Cash Book is the starting point, interest charged by Bank is:A. Added in the bank reconciliation statementB. Subtracted in the bank reconciliation statementC. Not required to be adjusted in the bank reconciliation statementD. Neither of the above.
  • A
  • B
  • C
  • D
The cash book showed an overdraft of Rs. 1,500 as cash at bank, but the pass book made up to the same date showed that cheques of Rs. 100, Rs. 50 and Rs. 125 respectively had not been presented for payments; and the cheque of Rs. 400 paid into account had not been cleared. The balance as per the pass book will beA. Rs. 1,100B. Rs. 2,175C. Rs. 1,625D. Rs. 1,375
  • A
  • B
  • C
  • D
A Bank Reconciliation Statement is prepared byA. The BankB. The GovernmentC. The Bank Account holderD. The user of financial statements
  • A
  • B
  • C
  • D
Goods purchased of Rs. 100 from N was not recorded at all. What will be its effect on the trial Balance?A. Will tallyB. Will not tallyC. Will have no affectD. None of these.
  • A
  • B
  • C
  • D
Goods worth Rs. 100 taken by proprietor for domestic use should be credited toA. Sales accountB. Proprietor’s personal expensesC. Purchases accountD. Expenses account
  • A
  • B
  • C
  • D
While preparing bank reconciliation statement with favourable balance as per cash book which of the following will not be added?A. Cheques deposited but not clearedB. Cheques issued but not presented to bankC. Cheques directly deposited in bank by a customer.D. Overcasting of Cr. side of the bank account in cash book.
  • A
  • B
  • C
  • D
Payment done by the account holder through issuing a cheque is entered inA. The pass-book at the time of issuing the chequeB. The cash-book at the time of presenting the cheque to the bank for paymentC. The pass-book at the time of presenting the cheque to the bank for paymentD. The cash-book when informed by the third party
  • A
  • B
  • C
  • D
An amount of Rs. 5,000 debited twice in pass book to prepare Bank Reconciliation Statement, when overdraft as per the cash book in the starting point:A. Rs. 5,000 will be deductedB. Rs. 5,000 will be addedC. Rs. 10,000 will be deductedD. Rs. 10,000 will be added
  • A
  • B
  • C
  • D
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