| 1 |
Credit Balance of pass book must be equal to debit balance of |
- A. Cash Book
- B. Bank Ledger
- C. Clients other Account
- D. None of these
|
| 2 |
All the time of endorsement of a bill the drawer credits: |
- A. The drawee account
- B. The endorser's personal account
- C. Bill receivable account
- D. Endorser's account
|
| 3 |
An Entry which is recorded on the both sides of cash book is called |
- A. Simple Entry
- B. Compound Entry
- C. Combined Entry
- D. Contra Entry
|
| 4 |
The favourable balance of bank statement is |
- A. Credit Balance
- B. Debit Balance
- C. Zero Balance
- D. Both b and c
|
| 5 |
The balance of petty cash book is a/an |
- A. Asset
- B. Liability
- C. Expense
- D. Income
|
| 6 |
The owner of the business is known as: |
- A. Sale man
- B. Agent
- C. Proprietor
- D. Employee
|
| 7 |
Pass book is prepared by |
- A. Debtor
- B. Creditor
- C. Banker
- D. Customer
|
| 8 |
In accounting all business transactions are recorded which have: |
- A. Dual aspect
- B. Single aspect
- C. None of the above
- D. Economic aspect
|
| 9 |
In journalizing the page numbers of the ledgers are written in: |
- A. The first column of journal
- B. The second column of journal
- C. The third column of journal
- D. The fourth column of journal
|
| 10 |
When ban column of a cash book shows a debit balance it means: |
- A. Overdraft as per bank
- B. Unfavourable balance as per cash book
- C. Favourable balance as per cash book
- D. Favourable balance as per pass book
|