Under diminishing value method, depreciation is calculated on ---.
Suspense account is opened when ---- does not tally.
Why the error of casting of subsidiary books affect the agreement of trial balance
If an error is not detected in spite of all efforts and trial balance does not agree then what measure will be taken for the agreement of a trial balance?
A trial balance is prepared
Difference of totals of both debit and credit side of the trial balance is transferred to ---.
A suspense account facilitates the preparation of ------ even when the ------ has not tallied.
Trial Balance will be prepared to ---.
Which of the following will affect the agreement of a trial balance?
--- is the common base for preparing a trial balance.
Agreement of trial balance is affected by:
Cash paid to Neha Rs. 2,000 was not posted to her account. This is an error of ---.
Credit sales to Mohan Rs. 10,000 were posted to his account as Rs. 12,000 this is an error of ---.
Disagreement of trial balance includes which errors?
If transaction is totally omitted from the books, tis called ---?
Failure to differentiate between capital and revenue expenditures so this error is called ---?
Errors which affect one side of an account are called?
An error is counterbalanced by another error is known as -- error.
----- is the temporary account created when a trial balance is not tallied.
The statement containing various ledger accounts balances on a specified date is known as
An account in which the difference of trial balance is temporarily put is ........ account.
If a transaction is not recorded in the books, it is an error of ---.
If purchase of furniture is recorded in the purchase book, it is an error of ---.
A trial balance is prepared to check the ---- of ledger accounts.
Trial balance is ---.
Sale of machinery is credited to sales account is an error of ---.
A bank reconciliation is prepared by the
Normally the cash book shows a ---- balance, pass book shows a ----balance.
Credit balance in the pass book means a/an ---- to the depositor.
Direct deposits in the bank by a customer would increase the balance shown by the Pass Book.
Cheques issued but not encashed by bank is recorded on which side of the bank column of cash Book?
Insurance premium paid by bank is recorded on which side of the Pass Book?
Interest allowed by Bank is recorded on which side of the bank column of Cash Book?
Cheques deposited in to bank are recorded on which side of the bank column of Cash Book?
Cheques issued are posted on the Debit side of the bank column of Cash Book. True or false ?
Bank Reconciliation Statement is a statement prepared by Bank
Credit balance in the Pass book mean
Debit balance in the cash book means
Debit balance in the Pass book means
Credit balance in the cash book means
When the balance as per Cash Book is the starting point, direct deposit by customer is
A Bank reconciliation statement is:
Debit balance in the Pass Book means:
A Pass Book is a copy of
A Bank Reconciliation Statement is prepared with the help of:
Credit Balance in the Cash Book means:
A Bank Reconciliation Statement is prepared to know the causes for the difference between:
---- Checks that are presented to bank but not yet credited by the bank.
---- are checks that are issued by the business but not yet presented to bank.
