- (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
Accounting Mcqs
- (A) Cheque issued but not presented
- (B) Cheque issued but dishonoured
- (C) Cheque deposited and credited by bank
- (D) Both
- (A) Credit side of Cash Book
- (B) Debit side of Cash Book
- (C) Debit side of Trial Balance
- (D) Credit side of Balance Sheet
- (A) Surplus cash
- (B) Bank overdraft
- (C) Terms deposits with bank
- (D) None of these
- (A) Written down value
- (B) Accumulated value
- (C) Salvage value
- (D) Residual Value
- (A) Valuation
- (B) Valuation and allocation
- (C) Allocation
- (D) Appropriation
- (A) Calculate the true profit
- (B) Show the true financial position in the Balance Sheet
- (C) Provide funds for replacement of fixed assets
- (D) Both
- (A) Regular reduction of asset value to correspond to changes in market value as the asset ages
- (B) A process of correlating the market value of an asset with its gradual decline in physical efficiency
- (C) Allocation of cost in a manner that will ensure that Plant and Equipment items are not carried on the Balance Sheet in excess of net realizable value
- (D) Allocation of the cost of an asset to the periods in which services are received from the asset
- (A) The amount of depreciation keeps increasing every year while the rate of depreciation keeps decreasing
- (B) The amount of depreciation and the rate of depreciation decrease every year
- (C) The amount of depreciation decreases while the rate of depreciation remains the same
- (D) The amount of depreciation and the rate of depreciation increases every year
- (A) Loss of 20,000
- (B) Loss of 22,000
- (C) Loss of 11,000
- (D) Profit of 11,000
