The most common imprest system is the ________ system?

Related Mcqs:

1. ________ is the common base for preparing a trial balance?

   A. Ledger accounts
   B. General Journal
   C. Specialized journals
   D. Balance sheet

2. ________ is a separate legal entity that Total capital can be divided in many shares.

   A. Partnership
   B. Sole proprietorship
   C. Company
   D. Non-profit organization

3. ________ is the gross inflow of economic benefits?

   A. Assets
   B. Liabilities
   C. Income
   D. Expenses

4. Every business transaction affects at least ________ accounts?

   A. One
   B. Two
   C. Three
   D. Infinite

5. Standing orders are ________

   A. Credited in the cash book
   B. Debited in the cash book
   C. Entered in the bank statement
   D. Entered in the petty cash balance

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

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

7. Cash book records:______________?

   A. Cash payments
   B. Cash receipts
   C. Cash payments and cash receipts
   D. Neither cash payments nor cash receipts

8. Cash book is prepared by____________?

   A. Bank
   B. Accountant of business
   C. Manager of a company
   D. Bank’s cashier

9. Postdated checks are considered as__________?

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

10. A cash book that is used to record the small payments of cash is generally referred as_________?

    A. Simple cash book
    B. Two column cash book
    C. Three column cash book
    D. Petty cash book