Accounting Mcqs — Test 13
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Question 1
Payment of rent expenses is recorded on which side of cash book?
Question 2
Balance as per cash book(adjusted.=$1000, Unpresented checks=$2000, Uncredited checks=$500, Deposit in transit=$500. Compute the balance as per bank statement.
Question 3
A company was entered in hire purchase agreement and had to pay $1000 per month. Three payments were made via bank account but no entry was found in cash book. Identify the correct adjustment in cash book
Question 4
$5000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book.
Question 5
An entry which is made on both sides of a cash book is called__________?
Question 6
Cash book records:______________?
Question 7
Cash book is prepared by____________?
Question 8
Discount received is recorded on which of the following side of a cash book?
Question 9
The closing balance of petty cash book is considered as_________?
Question 10
A credit balance in cash book indicates?