Accounting Mcqs

Q.  A check returned by bank marked “NSF” means that:

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


ANSWER: See Answer
 
No explanation is available for this question!
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MCQs:  Cash book is prepared by____________?
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MCQs:  Discount received is recorded on which of the following side of a cash book?
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MCQs:  The closing balance of petty cash book is considered as_________?
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MCQs:  A credit balance in cash book indicates?
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MCQs:  Petty cash fund is supposed to be replenished?
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MCQs:  Postdated checks are considered as__________?
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MCQs:  Which of the following is generally not the party to a check?
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MCQs:  Cash book with cash and discount column is mostly referred as________?
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MCQs:  A simple or one column cash book usually has which of the following main columns?
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MCQs:  Purchase of office equipment for cash will be recorded on which of the following sides of a cash book?
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MCQs:  Postage stamps on hand are considered as_________?
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MCQs:  A cash book that is used to record the small payments of cash is generally referred as_________?
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MCQs:  Drawings by owner of business are generally recorded on which of the following side of a cash book?
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MCQs:  Payment of rent expenses is recorded on which side of cash book?
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MCQs:  Cash discount is allowed on _______ repayment of debt.
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MCQs:  Introduction capital by owner of business is recorded on which side of a cash book?
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MCQs:  A cash book with cash, bank and discount column is commonly referred as________?
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MCQs:  The most common imprest system is the ________ system?
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MCQs:  Which English alphabet is similar to the shape of an account?
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MCQs:  When production is equal to sales, which of the following is TRUE?
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