Multiple Choice
Which of the following statements is true?
A) Bank charges increase debit balance shown as per Bank Column of the Cash Book.
B) Bank charges increase debit balance as per Bank pass book.
C) A cash sale of a non-trading asset is recorded in the journal proper.
D) Cash discount allowed by the business will appear on the debit side of the debtor's account.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Which of these items are taken into
Q16: Bank reconciliation statement is a part of
Q17: Which of the following statements is/are true?<br>A)When
Q18: Bank reconciliation is a statement prepared to
Q19: Which of the following statements is false?<br>A)When
Q20: Debit balance as per bank pass book
Q22: Journal is also known by -<br>A)Memorandum A/c
Q23: The Bank Reconciliation Statement is prepared<br>A)To rectify
Q24: Expenses of the following nature are treated
Q25: Which of the following is a revenue