(i) Excess of a total of debit side over a total of credit side of Cash Book, Bank column.

(i) Excess of a total of debit side over a total of credit side of Cash Book, Bank column.
by

1 Answer

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.
by
selected by

Related questions

What's better when traveling, use your credit card to get cash or use your bank debit card?

Description : What's better when traveling, use your credit card to get cash or use your bank debit card?

Last Answer : I would guess that withdrawing cash from an ATM is cheaper using a debit card than a credit card as the credit card company nomally charge you a fee on top of the higher rate of interest.

In Electronic cash payment a. a debit card payment system is used b. a customer buys several electronic coins which are digitally signed by coin issuing bank c. a credit card payment system is used d. RSA cryptography is used in the transactions

Description : In Electronic cash payment a. a debit card payment system is used b. a customer buys several electronic coins which are digitally signed by coin issuing bank c. a credit card payment system is used d. RSA cryptography is used in the transactions 

Last Answer : b. a customer buys several electronic coins which are digitally signed by coin issuing bank 

(i) Issue of Bearer cheque record on payments side of cash book in Bank Column.

Description : (i) Issue of Bearer cheque record on payments side of cash book in Bank Column.

Last Answer : Do you agree with the following statements : (i) Issue of Bearer cheque record on payments ... transactions are recorded in the cash book only.

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

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

(i) Excess of opening capital over closing capital of proprietor under single entry system.

Description : (i) Excess of opening capital over closing capital of proprietor under single entry system.

Last Answer : Write a word, term, or phrase which can substitute each of the following statements : (i) ... (v) The incomplete method of the accounting system.

(i) Excess of revenue over its cost.

Description : (i) Excess of revenue over its cost.

Last Answer : Give the word term or phrase which can substitute each of the following statement : (i) ... the basis of which the income statement is prepared.

Which one is not online payment mode? a) Cash on delivery b) Debit card c) Credit card d) E-cheque

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

Which one is also known as plastic money? a) Credit card b) Debit card c) Paper cash d) All of the above

Description : Which one is also known as plastic money? a) Credit card b) Debit card c) Paper cash d) All of the above

Last Answer : a) Credit card

A credit memorandum is used as documentation for a journal entry that requires a debit to a. Sales and a credit to Cash. b. Sales Returns and Allowances and a credit to Accounts Receivable. c. Accounts Receivable and a credit to a contra-revenue account. d. Cash and a credit to Sales Returns and Allowances.

Description : A credit memorandum is used as documentation for a journal entry that requires a debit to a. Sales and a credit to Cash. b. Sales Returns and Allowances and a credit to Accounts Receivable. c. ... and a credit to a contra-revenue account. d. Cash and a credit to Sales Returns and Allowances.

Last Answer : d. Cash and a credit to Sales Returns and Allowances.

The collection of a $600 account within the 2 percent discount period will result in a a. debit to Sales Discounts for $12. b. debit to Accounts Receivable for $588. c. credit to Cash for $588. d. credit to Accounts Receivable for $588.

Description : The collection of a $600 account within the 2 percent discount period will result in a a. debit to Sales Discounts for $12. b. debit to Accounts Receivable for $588. c. credit to Cash for $588. d. credit to Accounts Receivable for $588.

Last Answer : a. debit to Sales Discounts for $12.

Speedy Bike Company received a $940 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $490 and a credit to Service Revenue $490. The correcting entry is a. debit Cash, $940; credit Accounts Receivable, $940. b. debit Cash, $450 and Accounts Receivable, $490; credit Service Revenue, $940. c. debit Cash, $450 and Service Revenue, $490; credit Accounts Receivable, $940. d. debit Accounts Receivable, $940; credit Cash, $450 and Service Revenue, $490.

Description : Speedy Bike Company received a $940 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $490 and a credit to Service Revenue $490. The ... Receivable, $940. d. debit Accounts Receivable, $940; credit Cash, $450 and Service Revenue, $490.

Last Answer : c. debit Cash, $450 and Service Revenue, $490; credit Accounts Receivable, $940.

…………………. Is a form of E - Currency that exists only in cyber space. a. ATM Card b. Credit Card c. Digital Cash d. Debit Card

Description : …………………. Is a form of E - Currency that exists only in cyber space. a. ATM Card b. Credit Card c. Digital Cash d. Debit Card

Last Answer : c. Digital Cash

Which one is not an online payment mode? a. Cash on delivery b. Debit card c. Credit card 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

Which one is also known as plastic money? a. Credit card b. Debit card c. Paper cash d. All of the above

Description : Which one is also known as plastic money? a. Credit card b. Debit card c. Paper cash d. All of the above

Last Answer : a. Credit card

Bank column in Cash Book represents Proprietor’s Savings A/c.

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.

What is the name of entry which is used in Bank Column cash book to record the money transaction?

Description : What is the name of entry which is used in Bank Column cash book to record the money transaction?

Last Answer : Contra entry

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

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

Why do banks care if you use debit or credit when paying with your bank card?

Description : Why do banks care if you use debit or credit when paying with your bank card?

Last Answer : The law protects you if you use a credit card for purchases. You are not liable in case of fraud, etc. The bank must pay or go after the company, and you have limited liability. With a debit ... like gasoline or groceries. Instead, use your debit card to pay bills you are sure you owe, etc.

In UPI, we can Send money to any bank account through mobile without entering ____________ A. debit/credit card details B. net banking/wallet password C. receiver‘s account number. D. All of the Above E. None of the Above.

Description : In UPI, we can Send money to any bank account through mobile without entering ____________ A. debit/credit card details B. net banking/wallet password C. receiver‘s account number. D. All of the Above E. None of the Above.

Last Answer : D. All of the Above Explanation: Send money up to Rs 1 lakh to any bank account through the mobile without entering debit/credit card details, net banking/wallet password or even knowing the receiver‘s account number.

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

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.

(i) An error that affects debit as well as credit side, it is called as _______ errors.

Description : (i) An error that affects debit as well as credit side, it is called as _______ errors.

Last Answer : Complete the following sentences : (i) An error that affects debit as well as credit side, ... of omission, the debit and credit are ___________

Premium received on issue of shares is shown on-----------. A. asset side of the balance sheet B. liability side of the balance sheet C. credit side of the P&L a/c. D. debit side of the P & L a/c

Description : Premium received on issue of shares is shown on-----------. A. asset side of the balance sheet B. liability side of the balance sheet C. credit side of the P&L a/c. D. debit side of the P & L a/c

Last Answer : B. liability side of the balance sheet

The total of the payment side can be greater than the total of the receipt side in the case of the bank column.

Description : The total of the payment side can be greater than the total of the receipt side in the case of the bank column.

Last Answer : State whether the following statement are True or False with reason : The total of the payment side ... receipt side in the case of the bank column.

Credit sale of goods recorded in cash book receipts side.

Description : Credit sale of goods recorded in cash book receipts side.

Last Answer : Correct the following sentences and rewrite them same : (i) Credit sale of goods recorded in ... The dividend received is a loss for the business

Payments made by the bank as per standing instructions are recorded on the Debit balance of the Pass Book.

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.

Interest on overdraft charged by the bank is recorded in the cash column.

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.

Excess of credit over to debit in Profit & Loss Account indicates _______

Description : Excess of credit over to debit in Profit & Loss Account indicates _______

Last Answer : Excess of credit over to debit in Profit & Loss Account indicates _______ (a) Net Profit (b) Gross Profit (c) Gross Loss (d) Net Loss

Advantages of Using Credit Cards Over Debit Cards?

Description : Advantages of Using Credit Cards Over Debit Cards?

Last Answer : With the country in financial turmoil, debit card use hasskyrocketed. Debt-laden consumers have switched to debit cards totry and alleviate their financial burdens. However, the fault forcredit card ... againstfraud because the money stolen is not actually missing from any ofthe customer's a

Why do USA citizens prefer credit cards over debit cards?

Description : Why do USA citizens prefer credit cards over debit cards?

Last Answer : Answers is the place to go to get the answers you need and to ask the questions you want

When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to______ (A) Realisation Account (B) Bank Account (D) Liability Account (D) Creditors Account

Description : When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to______ (A) Realisation Account (B) Bank Account (D) Liability Account (D) Creditors Account

Last Answer : (A) Realisation Account

When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to (A) Realisation Account (B) Bank Account (C) Liability Account (D)None of the above

Description : When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to (A) Realisation Account (B) Bank Account (C) Liability Account (D)None of the above

Last Answer : (A) Realisation Account

What are my options for getting cash from my checking account without the physical debit card?

Description : What are my options for getting cash from my checking account without the physical debit card?

Last Answer : My guess is that your fate will be determined by the temperament of whichever bank employee you happen to draw. The way I see it, so cavalier an attitude regarding your debit card raises some intriguing questions.

How is a cash card different from a debit card?

Description : How is a cash card different from a debit card?

Last Answer : A cash card is normally referred to as a prepaid card. They are reloadable and you have to put money on them before you can use them.

The collection of a $900 account after the 2 percent discount period will result in a a. debit to Cash for $882. b. debit to Accounts Receivable for $900. c. debit to Cash for $900. d. debit to Sales Discounts for $18.

Description : The collection of a $900 account after the 2 percent discount period will result in a a. debit to Cash for $882. b. debit to Accounts Receivable for $900. c. debit to Cash for $900. d. debit to Sales Discounts for $18.

Last Answer : c. debit to Cash for $900.

If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation? -General Knowledge

Description : If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation? -General Knowledge

Last Answer : The answer is 'Increase'

If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation? -Do You Know?

Description : If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation? -Do You Know?

Last Answer : answer:

If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation? -General Knowledge

Description : If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation? -General Knowledge

Last Answer : answer:

If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation? -General Knowledge

Description : If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation? -General Knowledge

Last Answer : answer:

A commercial bank law creates credit only if it has - (1) Cash in the vault (2) Excess reserves (3) Permission of Reserve Bank of India (4) (4) Cooperation of other banks

Description : A commercial bank law creates credit only if it has - (1) Cash in the vault (2) Excess reserves (3) Permission of Reserve Bank of India (4) (4) Cooperation of other banks

Last Answer : (1) Cash in the vault Explanation: A commercial bank is a profitseeking business, dealing in money and credit. It is a financial institution dealing in money in the sense that it accepts deposits of ... received as the deposits to needy people. So it creates credit from the cash deposits with it.

Without which of the following a bank cannot survive 1. Cash 2. Computers 3. Customers 4. Credit 5. Competitors

Description : Without which of the following a bank cannot survive 1. Cash 2. Computers 3. Customers 4. Credit 5. Competitors

Last Answer : Customer

A commercial bank law creates credit only if it has (1) Cash in the vault (2) Excess reserves (3) Permission of Reserve Bank of India (4) Cooperation of other banks

Description : A commercial bank law creates credit only if it has (1) Cash in the vault (2) Excess reserves (3) Permission of Reserve Bank of India (4) Cooperation of other banks 

Last Answer : Cash in the vault

Have chip-card debit credit cards been a failure in the US?

Description : Have chip-card debit credit cards been a failure in the US?

Last Answer : I have had fewer problems with chip cards than I did with cards that only had a mag strip that got scratched and unreadable. And he problems seem to be the reader, not the cards. My cards also don’t get bent or sat upon. I have a metal wallet that I carry in my front pocket.

Why are the ATM machines still busy, if people can pay with credit card, and debit card just about any store nowadays?

Description : Why are the ATM machines still busy, if people can pay with credit card, and debit card just about any store nowadays?

Last Answer : It doesn’t cost me anything to use the ATM at my bank. And sometimes I just want to pay with cash. If I’m out with friends, I pay my share with cash. At strange gas stations away from home I prefer to pay with cash. Buying a quick donut or sandwich, cash.

Do you think it would be helpful to have our pictures on our credit or debit cards?

Description : Do you think it would be helpful to have our pictures on our credit or debit cards?

Last Answer : No, I do not think it is likely this would be helpful to me. Yes, there are banks that do it. The main reason it's considered helpful is to try to prevent use of your card by others. ... think it will confound many people in the case that someone does take your card, unless they're extremely dense.

Do you bother to sign your debit/credit cards anymore, if you ever did.

Description : Do you bother to sign your debit/credit cards anymore, if you ever did.

Last Answer : No, I just scribble on the line. No one has ever questioned my about my signature.

How to understand credit- and debit cards? (more info inside)

Description : How to understand credit- and debit cards? (more info inside)

Last Answer : Credit card – spending money you don’t have. Debit card – Like writing a check.. but digitally.

Who is responsible for credit card debit when someone dies?

Description : Who is responsible for credit card debit when someone dies?

Last Answer : The estate pays all debts before any inheritance is handed over.

My protagonist in a second childhood novel will use his credit & debit card from his previous life. What happens later?

Description : My protagonist in a second childhood novel will use his credit & debit card from his previous life. What happens later?

Last Answer : OK, I can’t be bothered to write your novel for you unless I get a decent ghost’s pay, but here is a must. The whole thing begins to unravel when investigators of thse bogus charges made to the dead man’s credit cards track the purchases down to young Tanaka and charge him with murder.

What percentage of college students have a credit and/or debit card?

Description : What percentage of college students have a credit and/or debit card?

Last Answer : I have a check card. I can deposit money into the account and withdraw cash like a debit card, but I can also use it in stores or online like a credit card without having to type in my pin.

Does having only a debit card do absolutely nothing for establishing credit?

Description : Does having only a debit card do absolutely nothing for establishing credit?

Last Answer : It sounds like you need to get a credit card. Just pay most of the balance off every month (I think keeping a small balance is better than paying the entire balance off every month, but I'm not 100% ... . If you have a cell phone bill, rent, utilities, etc., that's another way to establish credit.