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. Ledger
B. T account
C. Day book
D. Cash book
A. 500 purchase of old equipment not recorded in the books of A/c at all
B. 500 being expense on travelling expense credited to travelling expenses
C. Both
D. None
A. 20,000 Loss
B. 20,000 Profit
C. 10,000 Loss
D. 10,000 Profit
A. Credit balance
B. Debit balance
C. Cash balance
D. Neither debit nor credit balance
A. Errors which affect one account can be errors of posting
B. Errors of omission arise when any transaction is left to be recorded
C. Errors of carry forward from one year to another year affect both Personal and Real A/c
D. Errors of commission arise when any transaction is recorded in a fundamentally incorrect manner
A. Business entity concept
B. Money measurement concept
C. Going concern concept
D. Matching concept
A. Stock
B. Vehicle
C. Fixed deposit in bank
D. Both A. and
C. above
A. Cash
B. Equipment
C. Debtors
D. Creditors
