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 : On a Cheque instead of two parallel lines only bank‟s name is written is known as _________ A. Payable to bearer B. General Crossing C. Special Crossing D. Both (B) and (C) E. None of the Above
Last Answer : C. Special Crossing Explanation: When a particular bank s name is written in between the two parallel lines the cheque is said to be specially crossed.The effect of special crossing is that ... is written in the crossing. Specially crossed cheques are more safe than a generally crossed cheques.
Description : What is the name of entry which is used in Bank Column cash book to record the money transaction?
Last Answer : Contra entry
Description : The Secure Electronic Transaction protocol is used for a. credit card payment b. cheque payment c. electronic cash payments d. payment of small amounts for internet services
Last Answer : a. credit card payment
Description : Which of the following is not a type of cheque issued by an individual? A. Bearer Cheque B. Crossed Cheque C. Order Cheque D. Savings Cheque
Last Answer : D. Savings Cheque Explanation: An order cheque can be a bearer cheque if the words or bearer are not cancelled out.A crossed cheque is a cheque that has been marked to specify an instruction about the way it is to be redeemed.
Description : A document issued by Bank for local payments a. NEFT b. RTGS c. EFT d. Banker’s Cheque/Pay Order
Last Answer : d. Banker’s Cheque/Pay Order
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 : 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 : (i) Excess of a total of debit side over a total of credit side of Cash Book, Bank column.
Last Answer : Give one word/term/phrase which can substitute each of the following statements: (i) Excess of a ... balance of the bank column of the Cash Book.
Description : i. A slip is used for depositing cash and cheque in the Bank account. ii. Permission to withdraw excess amount from Current Account.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statement: ... Instrument which can be discounted with the bank.
Description : Cheque card issued by a bank which guarantees the payment of_______ within prescribed limit. (a) Cheque b) purchase c) cash
Last Answer : (a) Cheque
Description : Bank column in Cash Book represents Proprietor’s Savings A/c.
Last Answer : State whether the following statement are True or False with reason : Bank column in Cash Book represents Proprietor’s Savings A/c.
Description : Explain the following concept: Stop payments of cheque
Last Answer : Explain the following concept: Stop payments of cheque
Description : In electronic cheque payments developed, it is assumed that most of the transactions will be a. customers to customers b. customers to business c. business to business d. banks to banks
Last Answer : c. business to business
Description : (i) In the cash book of a trader Bank record the entries.
Last Answer : Do you agree or disagree with the following statements: (i) In the cash book of a trader Bank ... to deposit a cheque or cash into a bank account.
Description : A payments company OKI installed 600 automatic teller machines with cash recycling abilities for State Bank of India. OKI has its headquarters in A) England B) Singapore C) USA D) Malaysia E) Japan
Last Answer : E) Japan Explanation: The company which is headquartered in Japan and operates out of Mumbai in India manufactures ATMs which work with recyclable cash and has both cash acceptance mechanism ... recently taken to the new technology of machines with both depositing as well as dispensing abilities.
Description : If a draft is made to bearer, payment should be made to _____. A. a bank B. drawer C. acceptor D. anyone who presents the draft E. all of the above
Last Answer : D. anyone who presents the draft
Description : Receipts and Payments Account is an abbreviated form of– (A) Cash Book (B) Pass Book (C) Both Cash Book and Pass Book (D) None of the above
Last Answer : Answer: Cash Book
Description : Interest on overdraft charged by the bank is recorded in the cash column.
Last Answer : State whether the following statement are True or False with reason : Interest on overdraft charged by the bank is recorded in the cash column.
Description : Payments made by the bank as per standing instructions are recorded on the Debit balance of the Pass Book.
Last Answer : State whether the following statement are True or False with reason : Payments made by the bank ... recorded on the Debit balance of the Pass Book.
Description : The application fee may be accepted in shape of____ payable to a) Cash/Account officer of the public authority b) DD/Cheque / Account officer of the public authority c) Indian Postal Order / Account officer of the public authority d) Any one of the above
Last Answer : d) Any one of the above
Description : Payment for purchase of a certificate may be made by a) Cash or cheque b) Pay order or DD c) Matured Certificate/SB Wdl d) All the above
Last Answer : d) All the above
Description : The amount of maturity inclusive of interest if becomes Rs 20000/- or above shall be paid by a) Cash only b) By crossed cheque c) By Credit into saving accounts d) Either B or C
Last Answer : d) Either B or C
Description : Mark the correct option a) A literate person can account with cheque facility b) No minimum amount is required for opening of Workers wage account c) Saving account can be opened by cash only d) All the above
Description : Which one is not online payment mode? a) Cash on delivery b) Debit card c) Credit card d) E-cheque
Last Answer : d) E-cheque
Description : Which one is not an offline payment mode? a) Cash on delivery b) Cash before delivery c) Demand draft d) E-cheque
Last Answer : b) Cash before delivery
Description : From the following duties , which is not entrusted as duty of treasurer a. Drawing cheque b . supply fund from the office cash c. receive cash from postman
Last Answer : a. Drawing cheque
Description : Payment of the fees can be made through a) cheque c) demand draft b) cash d) none of above
Last Answer : demand draft
Description : Which one is an online payment mode? a. Cash on delivery b. Cash before delivery c. Demand drafts d. e‐cheque
Last Answer : d. e‐cheque
Description : Which one is not an online payment mode? a. Cash on delivery b. Debit card c. Credit card d. e‐cheque
Last Answer : a. Cash on delivery
Description : Which one is not an offline payment mode? a. Cash on delivery b. Cash before delivery c. Demand drafts d. e‐cheque
Description : ................. uses electronic means to transfer funds directly from one account to another rather than by cheque or cash? (A) M-Banking (B) E-Banking (C) O-Banking (D) C-Banking
Last Answer : (B) E-Banking
Description : he annual record for all the monetary transactions of a country with other countries of the world is known as - (1) Balance of trade (2) Balance of monetary-receipts (3) Balance of payments (4) Balance Sheet
Last Answer : (3) Balance of payments Explanation: Balance of payments (BoP) accounts arc an accounting record of all monetary transactions between a country and the rest of the world. These transactions include ... and are prepared in a single currency, typically the domestic currency for the country concerned.
Description : The record of all economic transactions between the residents of a country and the rest of the world in a particular period is known as _______ A. Balance in Current Account B. Balance in Capital Account C. Trade Settlements D. Balance of Trade E. Balance of Payments
Last Answer : E. Balance of Payments Explanation: The balance of payments (BOP) is the method countries use to monitor all international monetary transactions at a specific period of time.A record of all transactions made between one particular country and all other countries during a specific time period.
Description : Form No ACG 17 is used to record the payments to --------------- a. honoraria granted to person not in Government Service b. . honoraria granted to person in Government Service c. none of these
Last Answer : a. honoraria granted to person not in Government Service
Description : The annual record for all the monetary transactions of a country with other countries of the world is known as (1) Balance of trade (2) Balance of monetary-receipts (3) Balance of payments (4) Balance Sheet
Last Answer : Balance of payments
Description : It is not necessary to record dishonour of cheques in the cash book.
Last Answer : State whether the following statement are True or False with reason : It is not necessary to record dishonour of cheques in the cash book.
Description : what is the purpose of preparation of supplementary Cash Book a. record the transaction of closing days of March from sub office b record the transaction of closing days of March from Head Office c. record the transaction of closing days of March and first working day from sub office
Last Answer : a. record the transaction of closing days of March from sub office
Description : If a bank account is only overdrawn by 85c, can they still 'bounce' a customer's cheque?
Last Answer : It doesn’t matter if it’s 85 cents or 85 dollars. To a bank, overdrawn is overdrawn.
Description : Who com merited that Cripps Mission was a postdated cheque on a crashing bank? -General Knowledge
Last Answer : The answer is 'Mahatma Gandhi'
Description : A crossed cheque is one, which can be encashed only at which bank? -Do You Know?
Last Answer : answer:
Description : (i) Check deposited into Bank but not cleared is called _________ cheque.
Last Answer : Complete the following statements: (i) Check deposited into Bank but not cleared is called _________ ... type of bank account is open by trader.
Description : (i) Refusal by the bank to make payment of a cheque.
Last Answer : Give one word/term/phrase which can substitute each of the following statements: (i) Refusal ... making payment to outside parties through the bank.
Description : (i) When a bank refuses to make the payment of the cheque, it is said to be ________
Last Answer : Complete the following sentences: (i) When a bank refuses to make the payment of the cheque, ... v) _________ advance is given to the petty cashier.
Description : A cheque received and deposited into the bank on the same day is a contra entry.
Last Answer : State whether the following statement are True or False with reason : A cheque received and deposited ... bank on the same day is a contra entry.
Description : Write a letter to the bank to stop the payment of the cheque.
Last Answer : Write a letter to the bank to stop the payment of the cheque.
Description : Which of the following cheque issued by a customer under a pre-approved arrangement with the bank? A. Travellers cheque B. Multi-city Cheque C. Mutilated Cheque D. Crossed Cheque
Last Answer : B. Multi-city Cheque Explanation: A Multi-City Cheque (MCC) is one that can be written by the customer in favour of his client and is payable at par at all branches of the Bank. These are issued as Order Cheque.