Cash account always shows ________ balance. 

1 Answer

Answer :

Cash account always shows ________ balance. (a) Credit (b) Negative (c) Minus (d) Debit

Related questions

Description : If the trial balance shows a short credit the suspense account will have a _______ balance. 

Last Answer : If the trial balance shows a short credit the suspense account will have a _______ balance. (a) debit (b) zero (c) credit (d) nil

Description : 1 Cash Balance ₹ 33,000 Bank Balance ₹ 8,000 3 Received from Prerna cash ₹ 2,750 and a bearer cheque for ₹ 645. 

Last Answer : Enter the following transaction of Hariram Bros, in a cash book with cash and bank column for the month of ... the bank all cash in excess of ₹ 5,000.

Description : 1 Balance of cash ₹ 65,500. 2 Brought additional capital ₹ 12,000. 

Last Answer : Prepare a simple cash book of Mr. Shriram from the following details: 2019 Feb. 1 Balance of cash ₹ ... the bank all cash in excess of ₹ 11,000.

Description : Machinery A/c shows ___________ balance. 

Last Answer : Machinery A/c shows ___________ balance. (a) Credit (b) Debit (c) Positive (d) Negative

Description : Real accounts generally shows ___________ balance. 

Last Answer : Real accounts generally shows ___________ balance. (a) Debit (b) Credit (c) Negative (d) Nil

Description : When cheque is ________ into bank Cash Book is debited. 

Last Answer : When cheque is ________ into bank Cash Book is debited. (a) written (b) issued (c) deposited (d) dishonoured

Description : Drawing account is closed by transferring the balance to the _________ account. 

Last Answer : Drawing account is closed by transferring the balance to the _________ account. (a) Drawing (b) Liabilities (c) Assets (d) Capital

Description : If the trial balance does not agree the difference of the trial balance is placed in _______ account. 

Last Answer : If the trial balance does not agree the difference of the trial balance is placed in _______ account. ... ) Suspense (c) Rectification (d) Real

Description : When the total of debit side of an account exceeds credit side, it is called __________ balance. 

Last Answer : When the total of debit side of an account exceeds credit side, it is called __________ balance. (a) Debit (b) Credit (c) Nil (d) Real

Description : Excess of debit total of an account over it’s credit total indicates _____________ balance. 

Last Answer : Excess of debit total of an account over it’s credit total indicates _____________ balance. (a) Negative (b) Positive (c) Debit (d) Credit

Description : 1 Started business with cash ₹ 30,000.  2 Opened a current account with the bank and deposited ₹ 9,000. 

Last Answer : Enter the following transaction in a cash book with cash and bank columns for the month of April 2019 : ... from the bank for office use ₹ 1,000.

Description : Cash flow statement shows the causes for changes in__________ a) Cash balance b) Fund c) Working capital d) None of thes

Last Answer : b) Fund

Description : i. A company usually opens ________ account in a bank.  (a) Current  (b) Saving  (c) Recurring

Last Answer : Select the correct answer from the options given below and rewrite the statement: i. A company usually ... ) Fixed (b) Current (c) Recurring

Description : Which of the following entry will be made in BO a) To invoice remittance noting the details of cash( including stamps) sent to the branch office b) To confirm the accuracy of the daily account last ... to the branch office. d) To give instructions to the BPM whenever necessary e) All the above

Last Answer : e) All the above

Description : What are the irregularities which are required to be brought to the notice of the postmaster by the sub account assistant? a) When the amount held in cash by a SO exceeds the authorized max balance and cash is held ... b) When the stamps are not sold by SO c) Both the A and B d) Neither A Nor B

Last Answer : a) When the amount held in cash by a SO exceeds the authorized max balance and cash is held below the authorized balance

Description : Mark the correct option relating to SO Slip a) SO slip prepared in form Pa 3 by HO to each of its SO in every day enclosed in the account bag b) Amount with details, of cash (including stamps) sent ... HO. d) Particulars of documents and ser No and value of Postal order, sent to SO e) All the above

Last Answer : e) All the above

Description : If an unpaid article sent to BO is returned as undelivered the article will be a) Returned to sender after deducting the amount of postage from the cash and stamp balance of BO b) Returned ... taking suitable entry in unpaid postage account in BO d) Returned to sender simply as ordinary letter

Last Answer : c) Returned to sender after simply taking suitable entry in unpaid postage account in BO

Description : Cash Flow Statement is prepared from A. Profit and loss account B. Balance Sheet C. Additional Information D. All of the above

Last Answer : D. All of the above

Description : ________ is a cheque rather an amount of cheque, which is above the balance available in the account of the payer. A. Travellers cheque B. Multicity Cheque C. Mutilated Cheque D. Over Draft

Last Answer : D. Over Draft Explanation: An overdraft is an extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the account has no funds in it.

Description : Balance in a current account is classified as ________ A. Hybrid Deposit B. Term Deposit C. Demand Deposit D. Flexi Deposit E. other than those given as options

Last Answer : C. Demand Deposit Explanation: Current accounts form a large portion of demand deposits of a bank. It can be opened by Individuals, Business entities (firms, company), Institutions, Government bodies / departments, Societies, Liquidators, Receivers, and Trusts.

Description : The summarized balance sheet of Rakesh udyog Limited shows the balances of previous and current year of provision for taxation Rs. 50,000 and Rs. 65,000. If taxed paid during the current year amounted to Rs. 70,000 then amount charge ... a) Rs. 55,000 (b) Rs. 85,000 (c) Rs. 45,000 (d) Rs. 1,85,000

Last Answer : (b) Rs. 85,000

Description : Correcting entries a. always affect at least one balance sheet account and one income statement account. b. affect income statement accounts only. c. affect balance sheet accounts only. d. may involve any combination of accounts in need of correction.

Last Answer : d. may involve any combination of accounts in need of correction.

Description : The cash bag should always be sent to the account office by the BPM enclosed on the______ a) BO daily account b) SO daily account c) BO Slip d) SO slip

Last Answer : a) BO daily account

Description : Contents of BO bag sent by the BO to its account office must always contain BO daily count and it may contain a) Paid and unpaid MOs b) Paid postal order c) Cash bag with or without cash d) All the above

Last Answer : d) All the above

Description : A BO bag sent a branch office by its account office must always contain BO slip and it may contain a) Postal order for issue/payment b) Money order for payment c) Cash bag containing cash/stamp, SB document, and saving certificates d) All the above

Last Answer : d) All the above

Description : If you want to ensure that your money will be secured if cheques sent are wasted in the post, you should A) Always pay by cash B) Cross your Cheques ‘Account Payee only, Not Negotiable.’ C) Always get the money in person D) Not use the postal service in future

Last Answer : Answer: B

Description : Reserve for discount on debtor has a __________ balance. 

Last Answer : Reserve for discount on debtor has a __________ balance. (a) credit (b) debit (c) nil (d) positive

Description : Pre-received income is shown on ___________ side of Balance sheet. 

Last Answer : Pre-received income is shown on ___________ side of Balance sheet. (a) Assets (b) Liabilities (c) Credit (d) Debit

Description : Overdraft means _________ balance of Pass Book. 

Last Answer : Overdraft means _________ balance of Pass Book. (a) opening (b) debit (c) credit (d) closing

Description : 1 Balance in hand ₹ 125.  Postage ₹ 28. Stationery ₹ 35.  2 Refreshment expenses ₹ 20. 

Last Answer : Mr. Shrinath maintains a columnar petty cash book on the Imprest system. The Imprest amount is ₹ 850. The ... for Postage ₹ 7. Repair charges ₹ 75.

Description : Bank overdraft means ___________ balance of Bank A/c. 

Last Answer : Bank overdraft means ___________ balance of Bank A/c. (a) Debit (b) Credit (c) Positive (d) Nil

Description : Outstanding expenses are shown on the ___________ side of Balance Sheet. 

Last Answer : Outstanding expenses are shown on the ___________ side of Balance Sheet. (a) Assets (b) Liability (c) Both (d) None of these

Description : Every person domiciled in India will be a major when he completes ________ years of age. 

Last Answer : Select the correct answer from the options given below and rewrite the statements. (i) Every person ... Foreigner (b) Lunatic (c) Insolvent

Description : The ________ is primary and supreme document of the company. 

Last Answer : The ________ is primary and supreme document of the company. (a) Memorandum of Association (b) Articles of Association (c) Prospectus

Description : In general business partnership firm maximum ________ partners are allowed. 

Last Answer : In general business partnership firm maximum ________ partners are allowed. (a) 2 (b) 20 (c) 50

Description : Under Single Entry System only ________ are opened. 

Last Answer : Under Single Entry System only ________ are opened. (a) Cash and Personal Accounts (b) Real ... c) Nominal Accounts (d) Real and Nominal Accounts

Description : 1. The extent of complexity and density of ________ can be regarded as a measure of health of an ecosystem. 

Last Answer : Fill in the blanks: 1. The extent of complexity and density of ________ can be regarded as a ... . The statement in a key is called a _________.

Description : At constant temperature, a. Graph shows relation between pressure and volume. Represent the relation mathematically. b. Identify the law. 

Last Answer : With the help of graph answer the following - At constant temperature, a. Graph shows relation between ... law. c. Write the statement of law.

Description : The archaeological evidence shows that ___________ was a centre of mass production of pottery. 

Last Answer : The archaeological evidence shows that ___________ was a centre of mass production of pottery. (a) Gilund (b) Khethri (c) Balathal (d) Baras

Description : (i) Overdraft as per cash book means debit balance as per cash book.

Last Answer : Correct and rewrite the following statements. (i) Overdraft as per cash book means debit balance as ... on overdraft A/c is income for the business.

Description : Cheque deposited into Bank increases the Bank balance as per Cash Book.

Last Answer : State whether the following statement are True or False with reason : Cheque deposited into Bank increases the Bank balance as per Cash Book.

Description : What does the credit balance of Cash Book indicate?

Last Answer : What does the credit balance of Cash Book indicate?

Description : 1 Cash Balance ₹ 56,000 Bank Overdraft ₹ 11,000

Last Answer : Enter the following transaction of Mr. Chavan in a cash book with cash and bank column for the month ... cash and electricity bill ₹ 7,400 by cheque.

Description : What is the balance of Cash A/c?

Last Answer : What is the balance of Cash A/c?

Description : What is the meaning of tahabil balance in bank cash book?

Last Answer : Need answer

Description : How do cash balance plans differ from a 401k plan?

Last Answer : A 401k plan invest your money for you. A cash balance may earn a small amount of interest but has no risk.

Description : What are the benefits of a Cash balance plan?

Last Answer : Cash balance plan allows you to have cash available to you in case you need it. This is offer through employers.

Description : X Ltd. purchased a car from Maruti Udyog Ltd. for Rs. 5,00,000. As per agreement Rs. 80,000 was to be paid in cash and the balance by issue of shares of Rs. 10 each at a premium of Rs. 5 per share. How many ... . for the car ? (A) 30,000 shares (B) 29,000 shares (C) 28,500 shares (D) 28,000 shares

Last Answer : Answer: 28,000 shares

Description : Total sales is Rs. 7,60,000, cash sales Rs. 30,000 collection period is 25 days, debtors at Balance Sheet date will be– (A) Rs. 80,000 (B) Rs. 70,000 (C) Rs. 60,000 (D) Rs. 50,000

Last Answer : Answer: Rs. 50,000

Description : The Aadhaar-Enabled Payment Systems(AEPS) is a bank led model that facilitates banking facilities by allowing transactions at Point of Sale through the Business Correspondent (BC) using the Aadhaar ... . Cash Withdrawal C. Online Payment D. Cash Deposit E. Aadhaar to Aadhaar funds transfer

Last Answer : C. Online Payment Explanation: Services Offered by AEPS: Balance Enquiry Cash Withdrawal Cash Deposit Aadhaar to Aadhaar Fund Transfer Gateway Authentication Services