1 |
Ahmed's cheque endorse to Akbar should be debited to |
- A. Cash account
- B. Cheque account
- C. Akbar's account
- D. Ahmed account
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2 |
When money is paid to a creditor or supplier a receipt is obtained from him which is called |
- A. Cash voucher
- B. Cash payment
- C. Receipt voucher
- D. Payment voucher
|
3 |
Bank reconciliation statement is prepared by |
- A. Banker
- B. Customer's accountant
- C. Auditors
- D. Manager
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4 |
A cash account always shows |
- A. Debit balance
- B. Credit balance
- C. Both debit and credit balance
- D. Nil balance
|
5 |
Credit purchases are recorded in |
- A. Purchases book
- B. Creditors book
- C. Cash book
- D. Purchases returns book
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6 |
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
|
7 |
The favorable balance of cash book bank column is |
- A. Credit balance
- B. Debit balance
- C. Both debit and credit balance
- D. None of these
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8 |
The book in which all cash transaction are primarily recorded is called |
- A. Pass book
- B. Cheque book
- C. Finance book
- D. Cash book
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9 |
A statement which is used to reconcile the bank balance as per cash book with the balance as per pass book is called |
- A. Bank statement
- B. Income statement
- C. Bank reconciliation statement
- D. Financial statements
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10 |
All cash purchases and cash sales are recorded in |
- A. Cash book
- B. Purchases book
- C. Sales book
- D. Purchases and sales book
|