Accounting MCQs — Test 12

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Question 1

___________ are checks that are issued by the business but not yet presented to bank

Question 2

Bank sent debit advice of $500 to company being interest on overdraft. It wasn’t entered in cash book. Identify the correct adjustment in cash book.

Question 3

In bank reconciliation statement the amount of outstanding checks is added to ________ balance of cash book.

Question 4

Which of the following error results in unadjusted cash book balance?

Question 5

_________ Checks that are presented to bank but not yet credited by the bank.

Question 6

Favorable balance of bank statement implies that

Question 7

Transferring entries from journal to ledger account is commonly known as____________?

Question 8

An account records the ___________ in the balance of an item?

Question 9

If credit side of a bank account is greater than the debit side, it indicates which of the following?

Question 10

If debit side of a bank account is greater than credit side it indicates which of the following?