[{"id":99250,"question":"Which of the following discloses the financial position of the business","choices":[{"text":"Trading account","value":"A"},{"text":"Profit or loss account","value":"B"},{"text":"Profit or loss appropriation account","value":"C"},{"text":"Balance sheet","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":99249,"question":"It is prepared to determine the net profit or net loss","choices":[{"text":"Trading account","value":"A"},{"text":"Profit or loss account","value":"B"},{"text":"Cash book","value":"C"},{"text":"Balance sheet","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99248,"question":"It is prepaid to determine the gross profit or gross loss","choices":[{"text":"Trading account","value":"A"},{"text":"Profit or loss account","value":"B"},{"text":"Balance sheet","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":99247,"question":"Unfavorable balances mean","choices":[{"text":"Credit balance in the pass book","value":"A"},{"text":"Credit balance in the cash book","value":"B"},{"text":"Debit balance in bank statement","value":"C"},{"text":"Both b & c","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":99246,"question":"The favorable balance of bank statement is","choices":[{"text":"Credit balance","value":"A"},{"text":"Debit balance","value":"B"},{"text":"Zero balance","value":"C"},{"text":"All of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":99245,"question":"The favorable balance of cash book bank column is","choices":[{"text":"Credit balance","value":"A"},{"text":"Debit balance","value":"B"},{"text":"Both debit and credit balance","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99244,"question":"Bank reconciliation statement is prepared by","choices":[{"text":"Banker","value":"A"},{"text":"Customer's accountant","value":"B"},{"text":"Auditors","value":"C"},{"text":"Manager","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99243,"question":"A statement which is used to reconcile the bank balance as per cash book with the balance as per pass book is called","choices":[{"text":"Bank statement","value":"A"},{"text":"Income statement","value":"B"},{"text":"Bank reconciliation statement","value":"C"},{"text":"Financial statements","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":99242,"question":"Cash account is a","choices":[{"text":"Personal account","value":"A"},{"text":"Nominal account","value":"B"},{"text":"Real account","value":"C"},{"text":"Both personal and real account","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":99241,"question":"paid to Nadeem cash Rs. 5000 and a cheque for Rs. 4800 in full settlement of his dued Rs. 10000 should be credited to","choices":[{"text":"Cash account","value":"A"},{"text":"Bank account","value":"B"},{"text":"Discount received account","value":"C"},{"text":"All of these","value":"D"},{"value":"E"}],"correctAnswer":4}]