Debit side of Bank Pass book corresponds to___________?

Related Mcqs:

1. 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

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

   A. Cash at bank
   B. Bank understatement
   C. Bank overdraft
   D. Balance overstatement

3. Debit balance as per bank pass book mean_____________?

   A. Surplus cash
   B. Bank Overdraft
   C. Terms deposits with bank
   D. None of these

4. 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

5. 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

6. 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

7. 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

8. Bank reconciliation statement is the comparison of a bank statement (sent by bank) with the _________ (prepared by business).

   A. Cash receipt journal
   B. Cash payment journal
   C. Cash book
   D. Financial statements

9. A company was entered in hire purchase agreement and had to pay $1000 per month. Three payments were made via bank account but no entry was found in cash book. Identify the correct adjustment in cash book

   A. $1000 will be added to cash book balance
   B. $2000 will be deducted from cash book balance
   C. $3000 will be added to cash book balance
   D. $3000 will be subtracted from cash book balance

10. $5000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book.

    A. $5000 will be credited
    B. $5000 will be debited
    C. $10,000 will be credited
    D. $10,000 will be debited