Accounting Mcqs

Q.  Unpresented checks also referred as____________?

a. Uncollected checks
b. Uncredited checks
c. Outstanding checks
d. Bounced checks


ANSWER: See Answer
 
An unpresented check is a check written by a company and entered in its records, but the check has not yet cleared the company’s checking account. In other words, the check has not yet been paid by the bank on which the check is drawn. An unpresented check is also known as an outstanding check.
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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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MCQs:  An average cost is also known as________?
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MCQs:  Costs that change in response to alternative courses of action are called___________?
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MCQs:  The total cost incurred in the operation of a business undertaking other than the cost of manufacturing and production is known as________?
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MCQs:  Consider the following data for a company during the month of June 2012 Budgeted hours 4,000 Standard hours for actual production 4,400 Maximum possible hours in the budget period 4,800 Actual hours 3,800 The activity ratio of the company during the month is
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MCQs:  Which of the following bases is not appropriate for apportionment of Transport department‘s cost ?
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MCQs:  The cost of obsolete inventory acquired several years ago, to be considered in a keep vs. disposal decision is an example of :
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