accounting questions with answers
2,134 multiple-choice questions. Open any question for its answer and explanation.
- A cash book with cash, bank and discount column is commonly referrred to as
- Cash book records
- Cash discount is allowed on ______ repayment of debt
- Cash book is prepared by
- The most common imprest system is the ______ system
- Discount received is recorded on which of the following side of a cash book?
- Drawings by owner of business are generally recorded on which of the following side of a cash book?
- Introduction of capital by owner of business is recorded on which side of a cash book?
- Cash book with cash and discount column is mostly referred to as
- A cash book that is used to record the small payments of cash is generally referred to as
- Purchase of office equipment for cash will be recorded on which side of a cash book?
- Postdated cheques are considered as
- Postage stamps on hand are considered as
- Petty cash fund is supposed to be replenished
- A credit balance in cash book indicates
- Favourable balance of cash book implies
- A cash deposit made by business appears on the bank statement as ____ balance
- Bank Reconciliation statement is the comparision of a bank statement (sent by bank) with the
- A cheque returned by bank marked "NSF" means that
- Bank Reconciliation statement is prepared by
- Unpresented cheques are also referred to as
- _______ are cheques that are issued by the business but not yet presented to bank for payment
- Accrued expenses are considered as
- Prepaid expenses are considered as
- Earned but not yet received income is treated as
