Accounting Mcqs

Q.  Which of these are not required in a promissory note?

a. Acceptance
b. Unconditional promise to pay
c. Properly stamped
d. Payment to be made legal currency


ANSWER: See Answer
 
No explanation is available for this question!
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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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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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