Accounting MCQs

A. To rectify the mistakes in the cash book
B. To arrive at the bank balance
C. To arrive at the cash balance
D. To bring out the reasons for the difference between the balance as per cash book and the balance as per bank statement

A. Trial balance
B. Cash book
C. Bank a/c
D. Cash as per cash book with bank balance as per bank pass book

A. Cash book
B. Trial balance
C. Auditors report
D. None of these

A. It bring out any errors committed in preparation of cash book / bank pass book
B. Highlights under delay in clearance of cheques deposited but not credited
C. Help know actual bank balance
D. All the three

A. Surplus cash
B. Bank overdraft
C. Terms deposits with bank
D. None of these

A. Errors in cash book
B. Errors in pass book
C. Cheques deposited and cleared
D. Cheques issued but not presented for payment

A. Unknown liabilities
B. Known liabilities
C. Creation of secret reserves
D. All the three

A. Straight line method
B. Written down value method
C. Discounted present value method
D. Sum of digits method

A. 20,000 loss
B. 20,000 profit
C. 10,000 loss
D. 10,000 profit

A. Loss of 20,000
B. Loss of 22,000
C. Loss of 11,000
D. Profit of 11,000