- (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
Accounting Mcqs
- (A) Accountant of the business
- (B) Manager of the business
- (C) Controller of the bank
- (D) Accountant of the bank
- (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) Debit
- (B) Credit
- (C) Expenses
- (D) Liability
- (A) Genuine trade reasons
- (B) For mutual financial accommodation
- (C) To help augment money supply
- (D) All the three
- (A) $1000 will be added to cash book balance
- (B) $2000 will be deducted from cash book balance
- (C) $3000 will be added to cash book balance
- (D) $3000 will be subtracted from cash book balance
- (A) $2000
- (B) Zero
- (C) $3000
- (D) $2500
- (A) Credit balance
- (B) Debit balance
- (C) Bank overdraft
- (D) Adjusted balance
- (A) Unpresented checks
- (B) Uncredited checks
- (C) Outstanding checks
- (D) Bounced checks
- (A) Outstanding checks
- (B) Unpresented checks
- (C) Deposit in transit
- (D) Omission of Bank charges
