Unpresented 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. Uncollected checks also referred as______________?

   A. Unpresented 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. 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

7. Discount for quick repayment of debt is normally referred as____________?

   A. Trade discount
   B. Prompt payment discount
   C. Cash discount
   D. Bulk discount

8. Postdated checks are considered as__________?

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

9. Sales return is also known as____________?

   A. Return received
   B. Return Payed
   C. Return inward
   D. Return outward

10. Transferring entries from journal to ledger account is commonly known as____________?

    A. Recording
    B. Transferring
    C. Posting
    D. Entry making