(A) Bank column of Cash Book
(B) Bank Pass Book
(C) Bank Statement
(D) Trial Balance
Tag: Financial Accounting Mcq
The periodic total of purchase day book is posted to __.
(A) Creditors A/c
(B) Debtors A/c
(C) Purchase A/c
(D) None
Generally the term fund is used to mean the difference between?
(A) Current assets and current liabilities
(B) Profit and loss A/C and Balance sheet
(C) Current assets and non-current liabilities
(D) Current liabilities and non-current liabilities
Journal is also known by __.
(A) Memorandum A/c
(B) Kaccha books
(C) Books of original entry
(D) Proper books
Purchase day book records?
(A) All cash purchases
(B) All credit purchases
(C) Only credit purchase of raw material or goods purchased for resale
(D) All purchases
Cash received from debtors would be deemed as __ of funds.
(A) No flow
(B) Sources
(C) Uses
(D) Gain
Expenses of the following nature are treated as a Revenue expenses except __.
(A) Expenses for day to day running of the business
(B) Putting the new asset in working condition
(C) Depreciation
(D) Purchase of raw material
Which of these types of expenditure would not be treated as a Capital Expenditure?
(A) Acquisition of an Asset
(B) Extension of an Asset
(C) Improvement of the existing Asset
(D) Maintenance of the Asset