Debit balance as per bank pass book mean_____________?

Related Mcqs:

1. Which of the following is not a cause of difference in balance as per cash book and balance as per bank pass book___________?

   A. Errors in cash book B. Errors in pass book C. Cheques deposited and cleared D. Cheques issued but not presented for payment...

2. Debit balance = Credit balance in a trial balance indicates that:

   A. No error in recording transactions B. No error in posting entries to ledger accounts C. Account balances are correct D. Mathematically Capital+Liabilities=Assets...

3. Difference in Bank Balance as per Pass Book and Cash Book may arise on account of_____________?

   A. Cheque issued but not presented B. Cheque issued but dishonoured C. Cheque deposited and credited by bank D. Both A and B...

4. Debit side of Bank Pass book corresponds to___________?

   A. Credit side of Cash Book B. Debit side of Cash Book C. Debit side of Trial Balance D. Credit side of Balance Sheet...

5. 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...

6. Bank sent debit advice of $500 to company being interest on overdraft. It wasn’t entered in cash book. Identify the correct adjustment in cash book.

   A. $500 will be debited B. $500 will be credited C. Non-adjustable D. $1000 will be subtracted...

7. Which of the following account with normal balance is shown at the debit side of a trial balance?

   A. Rent income account B. Creditors account C. Unearned income account D. Cash account...

8. If debit balance is greater than creadit balance then the account blance will be__________?

   A. Credit balance B. Debit and credit balance C. Cash balance D. Debit balance...

9. If debit balances = credit balances, trial balance only shows or check the ____________ and it does not indicate that no errors were made during recording and posting.

   A. Arithmetic accuracy B. Errors of commission C. Omissions of economic events D. Understatements of balances...

10. If credit side of a bank account is greater than the debit side, it indicates which of the following?

    A. Bank overdraft B. Cash at bank C. Bank balance D. Current Asset...