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Accounting Concepts , Principles and Accounting standards
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Bank reconciliation statement is the comparison of a bank statement (sent by bank) with the ---- (prepared by business).
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A cash deposit made by business appears on the bank statement as ---- balance.
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If any amount is directly deposited into the bank then?
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Which of the following would not affect bank reconciliation?
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Credit balance as per pass book is?
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The cheque which is deposited into bank but not cleared at the end of a particular year is called?
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When bank statement shows a debit balance, it means?
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Bank statement also called?
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The balance on the debit side of the bank column of cash book indicates?
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Unfavourable balance means?
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Favourable balance means?
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The main purpose of preparing a bank reconciliation statement is?
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Cheques issued but not presented in the bank are called:
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Customer's copy of the account provided by the bank to the depositor to record deposits and withdrawals is called:
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A statement which is used to reconcile the bank balance as per cash book and bank statement is called:
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Bank Reconciliation Statement is prepared by
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Statement that explain the causes of difference between cash book and bank statement is called:
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Voucher is prepared for:
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Source document for salary paid.
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Source document for electricity charge paid.
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Source document used for depositing cash in to bank.
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The source document for purchase is ---.
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Cash discount is allowed by ----.
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Credit balance shown by a bank column in cash book is ---.
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Cash book is a ---- journal.
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The source document for purchase return is ---.
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When a transaction is recorded on the both sides of the cash book but in different columns, such entry is called ----.
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The petty cashier generally works on ........ system.
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Cash book does not record transactions of ......... nature.
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Goods purchased on cash, is recorded in the ---.
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Double column cash book records ---.
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The purchase day book contain ---.
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Identify the debit and credit aspect of the following business transactions. "Goods taken by the owner for his personal use."
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Permanent accounts include assets, liabilities and capital. This statement is
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Journal entry for cheque deposited returned dishonoured
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In the case of Inter-State Purchase input, IGST will be --.
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Rajan purchased goods for Rs. 1518 and the trader allowed a discount of Rs. 18 at the time of purchase. Identify the type of discount
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The balances Assets, owners drawings and Expense Accounts normally have debit balances. This statement is
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Amount owed to Siva Kumar on 01-01-2014 - 4000. Who is Siva Kumar to the business?
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Commission Received- INCREASE IN ---.
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Rent Paid - INCREASE IN ----.
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Bought Machinery on Credit - INCREASE IN ---.
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Purchased goods for cash - INCREASE IN ---.
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Which is the Debit aspect of the transaction "Paid Rent By cheque" ?
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Excess of assets over liability is ---.
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The accounts that records expenses, gains and losses are ---.
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The process of entering all transactions from the journal to ledger is called ---.
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Cash withdrawn by the Proprietor should be credited to ---.
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A purchase of machine for cash should be debited to ---.
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How many sides does an account have?
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