Postdated checks are considered 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. Uncollected checks also referred as______________?

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

4. ___________ 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

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

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

6. _________ 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

7. A brief explanation recorded below every entry in general journal is commonly known as__________?

   A. Narration
   B. Explanation
   C. Summary
   D. Other information

8. Depreciation fund method is also known as__________?

   A. Sinking Fund Method
   B. Annuity Method
   C. Sum of Year Digits Method
   D. None of these

   Submitted by: Syed Nizakat Ali Shah

9. The closing balance of petty cash book is considered as_________?

   A. Liability
   B. Asset
   C. Expenses
   D. Income

10. Postage stamps on hand are considered as_________?

    A. Bank
    B. Prepaid expenses
    C. Accounts receivable
    D. Creditor