Credit balance as per Cash Book mean____________?
Credit balance as per Cash Book mean____________?
A. Surplus cash
B. Bank overdraft
C. Terms deposits with bank
D. None of these
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Which of the following specialised journals will record “goods returned by the BUSINESS “?
Which of the following specialised journals will record “goods returned by the BUSINESS “?
A. Purchase journal
B. Sales journal
C. Purchases return journal
D. Sales return journalIn bank reconciliation statement the amount of outstanding checks is added to ________ balance of cash book.
In bank reconciliation statement the amount of outstanding checks is added to ________ balance of cash book.A. Adjusted
B. Unadjusted
C. Understated
D. OverstatedWhich of the following is not depreciated?
Which of the following is not depreciated?
A. Building
B. Land
C. Plant and Machinery
D. Office equipmentWhich of the following accounts will be debited if the business’s owner withdraws cash from business for his personal use?
Which of the following accounts will be debited if the business’s owner withdraws cash from business for his personal use?
A. Drawings
B. Cash
C. Business
D. StockIf debit side of a bank account is greater than credit side it indicates which of the following?
If debit side of a bank account is greater than credit side it indicates which of the following?A. Cash at bank
B. Bank understatement
C. Bank overdraft
D. Balance overstatementTransactions that a BUSINESS doesn’t record in any specialised journal are recorded in which of the following journals or day books?
Transactions that a BUSINESS doesn’t record in any specialised journal are recorded in which of the following journals or day books?
A. Cash payments journal
B. Cash receipts journal
C. Purchases return journal
D. General journal