Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	The favorable balance of cash book bank column is	Credit balance Debit balance Both debit and credit balance None of these
2	Bank reconciliation statement is prepared by	Banker Customer's accountant Auditors Manager
3	A statement which is used to reconcile the bank balance as per cash book with the balance as per pass book is called	Bank statement Income statement Bank reconciliation statement Financial statements
4	Cash account is a	Personal account Nominal account Real account Both personal and real account
5	paid to Nadeem cash Rs. 5000 and a cheque for Rs. 4800 in full settlement of his dued Rs. 10000 should be credited to	Cash account Bank account Discount received account All of these

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