Standing orders are ________

Related Mcqs:

A cash deposit made by business appears on the bank statement as _______ balance?

A. Debit B. Credit C. Expenses D. Liability...

Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book?

A. Bank charges will be debited in cash book B. Bank charges will be added to cash book balance C. Bank charges will be credited in cash book D. Bank charges need no adjustment in cash book...

A discount of $2000 was given to a supplier on his prompt repayment of debt but the cashier entered the gross amount in cash book. What should be the adjustment in cash to work out the correct balance of cash book?

A. $2000 will be debited in cash book B. $2000 will be credited in cash book C. $4000 will be debited in cash book D. $4000 will be credited in the cash book...

Favorable balance of cash book implies that

A. Credit balance of cash book B. Debit balance of cash book C. Bank overdraft D. Adjusted balance of cash book...

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...