Favorable balance of cash book implies that

Related Mcqs:

In the Bank reconciliation statement “Deposit in transit” is usually:

A. Subtracted from bank balance B. Added to bank balance C. Added to Cash book balance D. Subtracted from cash book balance...

Unpresented checks also referred as____________?

A. Uncollected checks B. Uncredited checks C. Outstanding checks D. Bounced checks...

Standing orders are ________

A. Credited in the cash book B. Debited in the cash book C. Entered in the bank statement D. Entered in the petty cash balance...

___________ are checks that are issued by the business but not yet presented to bank

A. Uncollected checks B. Uncredited checks C. Outstanding checks D. Bounced checks...

In bank reconciliation statement the amount of outstanding checks is added to ________ balance of cash book.

A. Adjusted B. Unadjusted C. Understated D. Overstated...