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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
What do you do with bank charges in bank account in the cash book?
(A)
Credit
(B)
Debit
(C)
Both
(D)
None
Question-3
If the balance of bank book is given, bank reconciliation statement start with the balance in:
(A)
Cash book
(B)
Deposit
(C)
Bank statement
(D)
Cheque
Question-4
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-5
In which account money can be deposited as often as desired and also,it an be withdrawn without notice?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-6
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-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
If a customer put money into a bank, that will be:
(A)
Credited
(B)
Debited
(C)
Either A or B
(D)
Not affected
Question-9
If a cheque is paid by the business, what will you do on cash book for that amount?
(A)
Debit
(B)
Credit
(C)
Both
(D)
None
Question-10
This is a client's copy of bank's ledger.
(A)
Pass book
(B)
Cash book
(C)
Cheque
(D)
F.D. Receipt
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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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