Bank reconciliation statement is a part of_________??
A. Cash book
B. Trial balance
C. Auditors report
D. None of these
Category: Accounting Mcqs
Generally the term fund is used to mean the difference between??
A. Current assets and current liabilities
B. Profit and loss A/C and Balance sheet
C. Current assets and non-current liabilities
D. Current liabilities and non-current liabilities
Which of the following is not an intangible asset??
A. Trade mark
B. Franchise
C. Accounts Receivable
D. Secret Profit
Which of these documents is not required for Bank Reconciliation??
A. Bank column of Cash Book
B. Bank Pass Book
C. Bank Statement
D. Trial Balance
The periodic total of sales day book is posted to___________??
A. Sales A/c
B. Cash sales A/c
C. Sales return A/c
D. Credit sales A/c
Short term Assets expected to be converted into cash within 1 year or less than??
A. Current Assets
B. Fixed Assets
C. Current Assets
Find the value of opening stock from the following data. Purchases 1,50,000, Closing stock 30,000 Sales 2,20,000, Gross profit 40,000.?
A. 50,000
B. 55,000
C. 60,000
D. 65,000
The portion of the acquisition cost of the asset yet to be allocated is known as___________??
A. Written down value
B. Accumulated value
C. Salvage value
D. Residual Value
Liability are arisen from which of the following events??
A. Present event
B. Future event
C. Past event
D. None of them
Benefits of preparing Bank Reconciliation Statement includes___________??
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
