Accounting Practice MCQ Page 50
Multiple Choice questions for Accounting in the sets of 10 each on one page with questions and answers. All sets are useful in the preparation of subject tests for employment or admission.
Question: 4314 which one of the following would be entered in the cash book and not on the bank statement
- Bank charges
- A dis honoured cheque
- payment into the bank but not yet credited
- A credit transfer received from a customer
Question: 4315 when drawing up a bank reconciliation statement, if you start with a debit balance as per the bank statement,the unprecedented chepues should be
- added
- subtracted
- multiplied
- divided
Question: 4316 when drawing up a bank reconciliation statement, if you start with a debit balance in the cash book, the bank charges should be
- added
- subtracted
- multiplied
- divided
Question: 4317 when the monthly bank statement is sent out which one of the following would not appear
- Interest charged by the bank
- A dishonored chique
- A direct debit
- A payment from petty cash
Question: 4318 The petty cash is kept on the Imprest system and the balance at the start of the month is RS. 1,000. If petty cash expenses during the month of RS. 720 are incurred, the amount received from the cashier at the start of the next month should be
- RS. 280
- RS. 720
- RS. 1,000
- RS. 1,720
Question: 4319 The main purpose of petty
- to pay employees, wages
- to pay suppliers for their goods
- as change for the till
- to pay small day to day business expenses
Question: 4351 An analytical petty cash book
- Lists different petty expenses under their relevant headings
- is used instead of three column cash book
- is not part of the double entry system
- is always run on the imprest system
Question: 4353 Under the Imprest system the cash is
- increased every week
- reduced every week
- always restored to the original amount
- used op completely before being restored
Question: 4355 A receipts and payments account is similar to
- an income and expenditure account
- a statement of affairs
- a cash or bank account
- a profit and loss account
Question: 4358 A club's income and expenditure account performs the same function as a firm's
- trading, profit and loss account
- balance sheet
- bank account
- petty cash book
Question: 4359 A club's balance sheet may be referred to as its
- income and expenditure account
- receipts and payments account
- accumulated fund
- statement of affairs
Question: 4360 A club's capital may be referred to as its
- bank balance
- assets
- accumulated fund
- surplus
Answers to the questions of Accounting on this page
Following list gives the correct choice for the answer of the Accounting mcqs.
4314 . C
4315 . A
4316 . B
4317 . D
4318 . B
4319 . D
4351 . A
4353 . C
4355 . C
4358 . A
4359 . D
4360 . C
Select Page Number
MCQ for Practicing Subject Tests