Uncollected checks also referred as______________?

Related Mcqs:

1. Balance as per cash book(adjusted.=$1000, Unpresented checks=$2000, Uncredited checks=$500, Deposit in transit=$500. Compute the balance as per bank statement.

   A. $2000 B. Zero C. $3000 D. $2500...

2. Unpresented checks also referred as____________?

   A. Uncollected checks B. Uncredited checks C. Outstanding checks D. Bounced checks...

3. ___________ are checks that are issued by the business but not yet presented to bank

   A. Uncollected checks B. Uncredited checks C. Outstanding checks D. Bounced checks...

4. In bank reconciliation statement the amount of outstanding checks is added to ________ balance of cash book.

   A. Adjusted B. Unadjusted C. Understated D. Overstated...

5. _________ Checks that are presented to bank but not yet credited by the bank.

   A. Unpresented checks B. Uncredited checks C. Outstanding checks D. Bounced checks...

6. Postdated checks are considered as__________?

   A. Cash B. Bank balance C. Accounts receivable D. Cash reserve...

7. Revenue and expense accounts are referred as______________?

   A. Nominal accounts B. Real account C. Cash accounts D. Banks account...

8. In accounting an Economic event is referred to as:

   A. Cash B. Bank statement C. Transaction D. Exchange of money...

9. A journal entry in which two or more account is debited or credited is referred as____________?

   A. Journal entry B. Multi entry C. Additional entry D. Compound entry...

10. Journals are also referred as_____________?

    A. Book of entries B. Book of original entries C. T account D. Books of economic event...