Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	When boan statement shown a debit total balance it means:	Overdraft  as per cash book Unfavourable balance as per cash book Favourable balance as per cash book Overdraft as per bank statement
2	When ban column of a cash book shows a debit balance it means:	Overdraft as per bank Unfavourable balance as per cash book Favourable balance as per cash book Favourable balance as per pass book
3	Discount deducted from the catalogue or list price is called:	Trade discount Cash discount Catalogue discount Credit discount
4	The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:	Receipt voucher Payment voucher Cash voucher Cash memo
5	In journalizing the page numbers of the ledgers are written in:	The first column of journal The second column of journal The third column of journal The fourth column of journal

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