Page 2 - Home Assignment
P. 2
D) Adjusted Balance
07. On the bank statement, cash withdrawal by the company is known as
A) Credit
B) Debit
C) Liability
D) Expenses
08.Bank reconciliation statement compares a bank statement with
_________
A) Cash payment journal
B) Cash receipt journal
C) Financial statements
D) Cashbook
09. Bank reconciliation statement is prepared by
A) Bank Accountant
B) Business Manager
C) Business Accountant
D) Controller of the bank
10. Pass book is prepared by whom:
a) Bank
b) Customer
C) Auditor
D) None of the above
11) In cash book, the favourable balance indicates
A) Credit Balance
B) Debit Balance
C) Bank Overdraft
D) Adjusted Balance
12. In pass book, the favourable balance indicates
A) Credit Balance
B) Debit Balance
C) Bank Overdraft
