MCQs: A foreign bill of exchange is generally drawn up in___________?
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MCQs: Which of these are not required in a promissory note?
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MCQs: X draws a Bill of Exchange on Y for 10,000 on 1-1-2013 for 3 months. The due date of the bill will be_________?
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MCQs: Accommodation bills are generally for?
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MCQs: A cash deposit made by business appears on the bank statement as _______ balance?
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MCQs: A check returned by bank marked “NSF” means that:
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MCQs: Bank reconciliation statement is prepared by____________?
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MCQs: Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book?
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MCQs: Favorable balance of cash book implies that
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MCQs: Bank reconciliation statement is the comparison of a bank statement (sent by bank) with the _________ (prepared by business).
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MCQs: In the Bank reconciliation statement “Deposit in transit” is usually:
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MCQs: Unpresented checks also referred as____________?
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MCQs: A discount of $2000 was given to a supplier on his prompt repayment of debt but the cashier entered the gross amount in cash book. What should be the adjustment in cash to work out the correct balance of cash book?
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MCQs: Standing orders are ________
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MCQs: Uncollected checks also referred as______________?
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MCQs: ___________ are checks that are issued by the business but not yet presented to bank
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MCQs: Bank sent debit advice of $500 to company being interest on overdraft. It wasn’t entered in cash book. Identify the correct adjustment in cash book.
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MCQs: In bank reconciliation statement the amount of outstanding checks is added to ________ balance of cash book.
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MCQs: Which of the following error results in unadjusted cash book balance?
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MCQs: _________ Checks that are presented to bank but not yet credited by the bank.
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