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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
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
Question-4
A bank will send a statement at regular intervals to its customers. It is known as:
(A)
Deposit
(B)
Loan
(C)
Bank statement
(D)
Credit note
Question-5
Debit side of bank account should be compared with which side of bank statement?
(A)
Debit
(B)
Credit
(C)
Both
(D)
None
Question-6
What do you do with bank charges in bank account in the cash book?
(A)
Credit
(B)
Debit
(C)
Both
(D)
None
Question-7
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
Question-8
The money withdrawn from bank account in excess of the deposit is known as:
(A)
Savings money
(B)
Loan
(C)
Overdraft
(D)
Cheque
Question-9
Bank over draft is shown on the which side of the trial balance?
(A)
Debit
(B)
Credit
(C)
None
(D)
Both
Question-10
Where will you find the bank over draft in the bank statement?
(A)
Credit
(B)
Debit
(C)
Both
(D)
None
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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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