Accounting MCQs / Q&A

A. Uncollected checks
B. Uncredited checks
C. Outstanding checks
D. Bounced checks
An unpresented check is a check written by a company and entered in its records, but the check has not yet cleared the company’s checking account. In other words, the check has not yet been paid by the bank on which the check is drawn. An unpresented check is also known as an outstanding check.

A. Subtracted from bank balance
B. Added to bank balance
C. Added to Cash book balance
D. Subtracted from cash book balance

A. Cash receipt journal
B. Cash payment journal
C. Cash book
D. Financial statements

A. Credit balance of cash book
B. Debit balance of cash book
C. Bank overdraft
D. Adjusted balance of cash book

A. Bank charges will be debited in cash book
B. Bank charges will be added to cash book balance
C. Bank charges will be credited in cash book
D. Bank charges need no adjustment in cash book

A. Accountant of the business
B. Manager of the business
C. Controller of the bank
D. Accountant of the bank

A. Bank can’t verify your identity
B. There are not sufficient funds in your account
C. Check has been forged
D. Check can’t be cashed being illegal

A. Debit
B. Credit
C. Expenses
D. Liability