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Practices of Banking
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Sigle entry system is not followed by :
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Income received in advance will appears in the Balance sheet :
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Payment of Bill before the due date by the acceptor is known as :
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Revaluation method of depreciation is suitable for :
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Trade expenses is :
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Bad debts recovered is :
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Opening and closing entries are passed through :
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Carriage outwards will appear :
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Wages paid in connection with installation of an asset is :
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Statement of affairs are prepared in connection with :
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Which of the following errors are not disclosed by a Trial Balance ?
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Contra entries appears in :
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_______ is called Book of Prime entry
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Preliminary expenses is an example of :
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Reserve for discount on debtors is :
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Carriage is debited to :
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Wages and salaries are shown in :
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Indirect expenses are shown in the :
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_______ is prepared to know the trading results of a business.
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A cheque is issued with a future date is called _______ Cheque
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Nominal accounts are also known as :
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Closing stock is valued at :
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Accumulated depreciation account is shown on:
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Cash in hand always shows ______ balance.
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Cash discount is allowed for :
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Sales Day book contains only :
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Generally Petty Cash is maintained under :
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Sales less cost of goods sold equal to :
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Difference between current assets and current liability is :
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"Narration" is associated with ?
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How many parties are required to create a promissory note ?
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Whom do we give priority in the case of payment of dividend ?
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Book of original entry __________
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Contra entry means
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Chronologically, in which of the following books are transactions entered firstly
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The assets which undergo depreciation or be of no value are known as :
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Which of the following errors is not detectable from Trial balance ?
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Which of the following is not a branch or subsidiary of Journal ?
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In which year deposit mobilization campaign started ?
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In the case of recurring deposits, interest is compounded .....................
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A cheque having back date from the date of issue is called as ...................
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Out of the following, which one is a legal tender ?
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A banker lien is called as ..................
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The maximum number of withdrawals permitted in a current account in a day .......................
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To dishonour a cheque it must be ...............
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Demand bills are payable :
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The teller system adopted in a bank is for ...............
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The bank rate prevailing at present is :
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Which of the following is an example of Nominal Account ?
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Real account means :
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