(A) Part III Schedule VI
(B) Part III Schedule V
(C) Part II Schedule VI
(D) Part I Schedule I
Category: Accounting Mcqs
Users will find here Accounting Mcqs for NTS, CSS, PMS, PPSC, FPSC, KPPSC, AJKPSC, BPSC, PTS, SPSC, Lecturer Commerce and all other types of Commerce related, Competitive Exams and Interviews. Commerce students can prepare their Accounting Portion for all test from here.
Which of the following is not a method of charging depreciation?
(A) Straight line Method
(B) Written down value Method
(C) Discounted present value Method
(D) Sum of digits Method
Provision is created for __.
(A) Unknown Liabilities
(B) Known Liabilities
(C) Creation of Secret Reserves
(D) All the Three
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
Debit balance as per bank pass book mean __.
(A) Surplus cash
(B) Bank Overdraft
(C) Terms deposits with bank
(D) None of these
Benefits of preparing Bank Reconciliation Statement includes __.
(A) bring out any errors committed in preparation of Cash book / Bank Pass Book
(B) Highlights under delay in clearance of cheques deposited but not credited
(C) Help know actual bank balance
(D) All the three
Bank reconciliation statement is a part of __.
(A) Cash book
(B) Trial balance
(C) Auditors report
(D) None of these
Bank reconciliation is a statement prepared to reconcile__.
(A) Trial balance
(B) Cash book
(C) Bank A/c
(D) Cash as per cash book with bank balance as per bank pass book