Accounting MCQs

A. bank can’t verify your identity
B. there are not sufficient funds in your account
C. check has been forged
D. check can’t be cashed being illegal

A. accountant of the business
B. manager of the business
C. controller of the bank
D. accountant of the bank

A. bank charges will be debited in cash book
B. bank charges will be added to cash book balance
C. bank charges will be credited in cash book
D. bank charges need no adjustment in cash book

A. credit balance of cash book
B. debit balance of cash book
C. bank overdraft
D. adjusted balance of cash book

A. cash receipt journal
B. cash payment journal
C. cash book
D. financial statements

A. subtracted from bank balance
B. added to bank balance
C. added to cash book balance
D. subtracted from cash book balance

A. uncollected checks
B. uncredited checks
C. outstanding checks
D. bounced checks

A. $2000 will be debited in cash book
B. $2000 will be credited in cash book
C. $4000 will be debited in cash book
D. $4000 will be credited in the cash book

A. credited in the cash book
B. debited in the cash book
C. entered in the bank statement
D. entered in the petty cash balance

A. unpresented checks
B. uncredited checks
C. outstanding checks
D. bounced checks