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Question-1
A statement needed by every business enterprise for having check and control on its dealings with the bank.
(A)
Deposit
(B)
Cheque
(C)
Bank statement
(D)
Bank reconciliation statement
Question-2
This is a client's copy of bank's ledger.
(A)
Pass book
(B)
Cash book
(C)
Cheque
(D)
F.D. Receipt
Question-3
In which account money can be deposited as often as desired and also,it an be withdrawn without notice?
(A)
Fixed deposit
(B)
Savings
(C)
Current
(D)
Recurring deposit
Question-4
If a customer put money into a bank, that will be:
(A)
Credited
(B)
Debited
(C)
Either A or B
(D)
Not affected
Question-5
The money withdrawn from bank account in excess of the deposit is known as:
(A)
Savings money
(B)
Loan
(C)
Overdraft
(D)
Cheque
Question-6
Out of this, which one is the reason for which the bank account and bank statement may differ?
(A)
Business may not record certain items in the cash book
(B)
Pass book not updated
(C)
Deposits are not made
(D)
Loans are not repaid
Question-7
Where will you find the bank over draft in the bank statement?
(A)
Credit
(B)
Debit
(C)
Both
(D)
None
Question-8
Bank over draft is shown on the which side of the trial balance?
(A)
Debit
(B)
Credit
(C)
None
(D)
Both
Question-9
A deposits is made by filling up a form called:
(A)
Pay in slip
(B)
Cheque
(C)
Pass book
(D)
Cash book
Question-10
What type of statement will you prepare to find out the difference between cash book and pass book?
(A)
Statement of account
(B)
Bank reconciliation statement
(C)
Pass book
(D)
Fixed account
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Cambridge Advanced Grade 12
IGCSE
Practice in Related Chapters
Depreciation and Disposal of Fixed Asset
Bad Debts and Provision for Doubtful Debts
Control Accounts
Petty Cash Books
Incomplete Records
Accounts of Clubs and Societies
Partnership Accounts -PART A
Books of Prime Entry
Accounts of Manufacturing Business
Introduction to Accounting
Double Entry Book Keeping
The Trail Balance
Final Accounts
Accruals and prepayments
Accounting Rules
Bank Reconciliation Statement
Business Documents
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