Accounting Mcqs

Q.  How many parties are generally found in a Bill of Exchange?

a. 4
b. 2
c. 3
d. 5


ANSWER: See Answer
 
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MCQs:  Which of the following error results in unadjusted cash book balance?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  _________ Checks that are presented to bank but not yet credited by the bank.
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MCQs:  Favorable balance of bank statement implies that
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MCQs:  Balance as per cash book(adjusted.=$1000, Unpresented checks=$2000, Uncredited checks=$500, Deposit in transit=$500. Compute the balance as per bank statement.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  A company was entered in hire purchase agreement and had to pay $1000 per month. Three payments were made via bank account but no entry was found in cash book. Identify the correct adjustment in cash book
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MCQs:  $5000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book.
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MCQs:  An entry which is made on both sides of a cash book is called__________?
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MCQs:  Cash book records:______________?
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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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