- (A) sale is effected
- (B) cash is received
- (C) production is completed
- (D) debts are collected
Exam preparation MCQs with answers
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- (A) Balance Sheet
- (B) Profit and Loss appropriation A/c
- (C) Manufacturing A/c
- (D) Trading and Profit and Loss A/c
- (A) Unknown Liabilities
- (B) Known Liabilities
- (C) Creation of Secret Reserves
- (D) All the Three
- (A) Errors in cash book
- (B) Errors in pass book
- (C) Cheques deposited and cleared
- (D) Cheques issued but not presented for payment
- (A) Surplus cash
- (B) Bank Overdraft
- (C) Terms deposits with bank
- (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) Cash book
- (B) Trial balance
- (C) Auditors report
- (D) None of these
- (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) 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) Cheque issued but not presented
- (B) Cheque issued but dishonoured
- (C) Cheque deposited and credited by bank
- (D) Both

