First journal entry in the new books of Accounts to record Asset liabilities and capital of the previous year ......... entry.

Bank overdraft means :

Income and expenditure account is a .......... account.

________ is an indirect payment system.

The transfer of interest in an immovable property by a person to a banking institution for securing a loan is called :

The term 'run on the bank' denotes :

An inoperative account after ............... become unclaimed

The credit card in the nature of clean overdraft for multipurpose use including consumptions is :

Capital to Risk Weighted Assets Ratio System was introduced :

_______ Constitute the largest portion of Co-operative banks liabilities.

Which among the following is not a technical error?

Under which category the expenses for the removal of the institution to more convenient place be included ?

The unclaimed dividend will be shown as :

The difference in figures is ................ and causes for their existence are brought to light.

There should be no entry in the books of accounts without a

Accountancy begin where ........ ends.

A written evidence in original is said to be :

________ is the classified and consolidated summary of day book

The reserve created to meet unexpected liability is called :

Permanent decrease in the value of an asset due to wear and tear, passage of time etc. is known as

________ is a capital committed in the form of share holding

A payment according to the aparent tenure of the instrument is called :

.......... is the minimum limit in RTGS system.

Opening current account of a private limited company, one of the following items is not taken :

Which one of the following is not a demand and time liability?

No joint account is permitted in the case of :

When a cheque deposited with bank is dishonoured, it will be recorded in cash book in :

What will be the effect wages paid Rs 500 on the accounting equation?

Difference in the trial balance is transferred to :

Prepaid rent is treated as :

At what rate compound interest can be given on terms deposits?

Loss of goods by fire is credited to ....... account.

Debit note number will appear in the column provided in :

The claims of the owner against the business is called :

Choose the odd one :

There should be no entry in the books of accounts without a :

Bankers are not merely dealers in money but in an sense they are the .......... of money.

3C's of lending is mainly associated with :

A banker shall not open an account in the name of :

Prepaid expense account is a .......... account.

Cost of goods sold plus gross profit is equal to :

Provisions are made by passing ________ entry

Current assets do not include :

Interest on capital is credited in the ......... account.

Premium paid on the Life Insurance Policy of the proprietor shall be debited to ........... account.

Purchased furniture is recorded in purchase a/c is an example of :

The Bank draft is drawn by :

A bill signed by one person without any consideration is called ......... bill.

________ is a payment undertaking, given by a bank on behalf of a buyer to pay to a seller for a given amount of money on presentation of specified documents goods.

The term depreciation is related with ......... assets.