Self Studies

Bank Reconcilia...

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  • Question 1
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    Real account (which include cash and all other assets) will usually show

  • Question 2
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    Dr. stands for _____ and Cr stands for _____

  • Question 3
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    Account is not entered in trial balance which shows

  • Question 4
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    Which of the following is also known as Principle Book of Accounts

  • Question 5
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    Debit side of Suspense account is shown on the

  • Question 6
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    Which of the following is a contra entry

  • Question 7
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    Which of the following transactions is not recorded in the Journal Proper

  • Question 8
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    Which of the following is false regarding Imprest system

  • Question 9
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    The book in which every account is maintained is

  • Question 10
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    Arrange the following sequence of process of recording the transaction

    (a) Identification of financial transactions

    (b) Application of rule of debit and credit

    (c) Analysis of transactions

    (d) Recording the Journal. Options are as follows

  • Question 11
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    Following items should be added which increase the pass book balance and decrease the cash book balance except

  • Question 12
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    In ledger account use the word _____ with accounts which appear on the debit side and _____ on the credit side

  • Question 13
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    A schedule showing the items of difference between the bank statement and the bank column of Cash Book is known as

  • Question 14
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    Journal entry for ‘Goods distributed as a free sample will be

  • Question 15
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    When Double column cash book is maintained

  • Question 16
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    When posting of all transactions into ledger is completed and accounts are balanced off then the balance of each account is put on a list called

  • Question 17
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    ______ is a written document drawn upon a specified banker and payable on demand

  • Question 18
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    Which of the following is false regarding cash book

  • Question 19
    1 / -0

    When there is no information is given about the disposal of received cheque

  • Question 20
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    Nominal accounts are transferred to ___________ of the firm

  • Question 21
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    Debit balance of a personal account means the person is a _____ of the firm whereas credit balance of a personal account indicated that the person is a _____ of the firm

  • Question 22
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    When cheque received from customer and not deposited into bank same day. Which account should be debited

  • Question 23
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    Debit balance of any account mean an ______ whereas Credit Balance means a ______

  • Question 24
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    Received Rs 3800 from Varun in full settlement of a claim of Rs 4000. This transaction is an example of

  • Question 25
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    If there is excess debit in the trial balance the difference is posted to the

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