Debit balance as per bank pass book mean_____________?
Debit balance as per bank pass book mean_____________?
A. Surplus cash
B. Bank Overdraft
C. Terms deposits with bank
D. None of these
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Which of these items are taken into consideration for preparation of adjusted Cash Book
Which of these items are taken into consideration for preparation of adjusted Cash Book
A. Mistake in Cash Book
B. Mistake in Pass Book
C. Cheque issued but not presented for payment
D. Cheques deposited but not clearedWhich of these errors affect two or more accounts
Which of these errors affect two or more accounts
A. Errors of complete omission
B. Errors of principle
C. Errors of posting to wrong account
D. All the threeThe closing balance of a petty cash book is a / an___________?
The closing balance of a petty cash book is a / an___________?
A. Liability
B. Gain
C. Assets
D. LossThe periodic total of purchase day book is posted to____________?
The periodic total of purchase day book is posted to____________?
A. Purchase register
B. Purchase A/c
C. Cash purchase A/c
D. Credit purchase A/cWhich of the following are/is a current asset?
Which of the following are/is a current asset?A. Sundry Debtors
B. Stock
C. Prepaid insurance
D. All of A. B. and C. aboveComputers taken on hire by a business for a period of twelve months should be classified as:___________?
Computers taken on hire by a business for a period of twelve months should be classified as:___________?A. Current assets
B. Intangible assets
C. Deferred revenue expenditure
D. Not an asset
Computers taken on hire by a business for a period of twelve months is not an asset because it is not owned by the business to be classified as asset. Thus, the correct answer is D.. Since it is not an asset it cannot be classified as any asset and other alternatives are not the correct
answers.