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Question-1
Debit side of bank account should be compared with which side of bank statement?
(A)
Debit
(B)
Credit
(C)
Both
(D)
None
Question-2
The balance as per bank ledger indicated in the bank pass book is called:
(A)
Balance
(B)
Balance as per cash book
(C)
Balance as per pass book
(D)
Deposits
Question-3
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-4
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-5
Give an example of an expense which may be paid by standing order.
(A)
Credit transfer
(B)
Loan
(C)
Overdraft
(D)
Deposit
Question-6
A bank is an institution which deals in:
(A)
Money
(B)
Gold
(C)
Land
(D)
Deposit
Question-7
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-8
A positive bank balance is:
(A)
Debit
(B)
Loan
(C)
Credit
(D)
Over draft
Question-9
What do you do with bank charges in bank account in the cash book?
(A)
Credit
(B)
Debit
(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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