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Question-1
In which account money can be deposited as often as desired and also,it an be withdrawn without notice?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-2
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-3
If a customer put money into a bank, that will be:
(A)
Credited
(B)
Debited
(C)
Either A or B
(D)
Not affected
Question-4
Debit side of bank account should be compared with which side of bank statement?
(A)
Debit
(B)
Credit
(C)
Both
(D)
None
Question-5
A deposits is made by filling up a form called:
(A)
Pay in slip
(B)
Cheque
(C)
Pass book
(D)
Cash book
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
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-8
What do you do with bank charges in bank account in the cash book?
(A)
Credit
(B)
Debit
(C)
Both
(D)
None
Question-9
A positive bank balance is:
(A)
Debit
(B)
Loan
(C)
Credit
(D)
Over draft
Question-10
A bank will send a statement at regular intervals to its customers. It is known as:
(A)
Deposit
(B)
Loan
(C)
Bank statement
(D)
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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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