Question 1 :
__________system is usually adopted by traders who have less knowledge of Accounting.<br/>
Question 4 :
If opening capital is $Rs.80,000$, closing capital is $Rs.1,80,000$, withdrawals are $Rs.10,000$ and additional capital brought in the business is Rs. $20,000$, then the profit will be________.
Question 7 :
Company accounting conforms more to dual aspect concept than to incomplete recording system because.<br>I. Companies Act insists upon the adoption of double entry systems of book keeping.<br>II. Balance sheet could not be prepared under sec. $211$ of Company's Act according to the incomplete recording system<br>III. To show true and fair view of the affairs of the company<br>IV. To ensure adequate disclosure.<br>Select the correct answer from the codes given and mark your answer sheet accordingly.<br>
Question 9 :
Cash received from debtors needed for the construction of cash account can be ascertained from _________.<br/>
Question 11 :
In _____ forms of business the owners are directly responsible for the debts of the business.
Question 12 :
If any unrecorded liability is paid on dissolution of the firm __________ is debited.
Question 13 :
Under single entry system, there is no provision to make adjustments, while under double entry system, adjustments are made at the time of preparing final accounts.
Question 14 :
Profit can be ascertained from the incomplete records under single entry by using  ________.<br/>
Question 15 :
Profit = Capital at the end+______- Capital introduced - Capital in the beginning.
Question 17 :
Under double entry system both aspects of transaction are recorded, while Under single entry system, both aspects of transaction are not recorded.
Question 18 :
Further capital introduced during the year is ____________ from closing capital in order to find out the correct profit.<br/>
Question 20 :
Under the net worth method, the basis for ascertaining profit or loss is the difference between _______________.<br/>
Question 21 :
Find the total at assets at the end of the year if the net profit, drawing during the year and assets at the beginning of the year were 12,000, 7,000 and 15,000 respectively.
Question 22 :
Excess of opening capital over closing capital of proprietor under single entry system is called __________.<br/>
Question 23 :
Cash paid to Creditors needed for the construction of cash account can be ascertained from __________________ .<br/>
Question 24 :
A statement similar to balance sheet prepared to find out the amount of opening capital is ___________.<br/>
Question 25 :
An accounting system where debit and credit rule is not followed.<br/>
Question 26 :
In single entry system it is not possible to prepare _____.<br/>
Question 27 :
Balance of interest on calls-on-advance account is transferred to the ___________ at the end of the year.
Question 28 :
State whether the following statement is True or False.<br>Share forfeited balance is transferred to Capital Reserve Account.
Question 30 :
In statement of profit and loss interest on capital is shown as _________.<br/>
Question 31 :
A statement of book-keeping which records only one aspect of business transactions and ignores other aspects is known as ________________.<br/>
Question 33 :
Excess of closing capital over opening capital of proprietor under single entry system. <br>
Question 36 :
A statement similar to balance sheet is nothing but the _________.<br/>
Question 39 :
A statement of affairs is a summarised statement of an estimated _____________.<br/>
Question 40 :
A statement of ____________ is to be prepared in order to find out the profit and loss under a single entry system.<br>
Question 41 :
Profit as per accounts from incomplete records may be constructed as equivalent of _____________. 
Question 42 :
If closing capital is Rs.30000 and profit is Rs.5000; opening capital was Rs. ____________.<br/>
Question 43 :
Which of the following are prepared by the organisations keeping only incomplete accounting records?<br>I. Cash book<br>II. Customer's Accounts<br>III. Expenses Accounts<br>IV. Day Books<br>Choose the correct answer using the codes given.<br>
Question 44 :
The difference between capital at the end of year and capital at the beginning of year is called ____________.<br/>
Question 45 :
In order to find out the correct profit, drawings are ___________ to the closing capital.<br/>
Question 46 :
Method of accounting in which nominal accounts are not maintained  is ____________.<br/>
Question 47 :
State whether the following statement is True or False.<br>Closing stock is always valued at market price.
Question 49 :
The main purpose of preparing a bank reconciliation statement is ___________.
Question 50 :
An enterprise take cash book balance as the base for preparation of bank reconciliation statement. Some of the bank charges have been put. These charges will be ___________.
Question 51 :
Which of the following is/are cause of difference of balance between cash book & the pass book?
Question 53 :
Which of the following is/are cause of difference of balance between cash book & the pass book?
Question 54 :
The difference in the balances of both the cash-book and the pass-book can be because of _____________.
Question 55 :
Passbook is a copy of __________ as it appears in the ledger of the bank.
Question 56 : <p>When the balance as per Cash Book is the starting point, direct deposit by customer is_______________.</p><ul></ul>
Question 57 :
Which of the following is/are cause of difference of balance between cash book & the pass book?
Question 58 :
$Rs.3,000$ received from sub-tenant for rent and entered correctly in the cash book is posted to the debit of the rent account. In the trial balance _____________.
Question 59 :
Booklet or a Statement which is used to record the banking transaction is known as __________.
Question 61 :
State whether the following statement is True or False.<br>Bank Reconciliation Statement is prepared at the end of every month.<br>
Question 63 :
In bank reconciliation statement the account of outstanding cheques is added to ____  book balance of cash.
Question 67 :
State whether the following statement is True or False.<br>Bank reconciliation statement is generally prepared at the end of the year.<br>
Question 68 :
Which of the following errors/ omissions are not a part of Bank reconciliation process?
Question 69 :
State whether the following statement is True or False.<br>Bank Reconciliation Statement is prepared to detect the errors that take place to accounting.<br>
Question 70 :
Which of the following is/are cause of difference of balance between cash book & the pass book?
Question 71 :
The proper treatment on the bank reconciliation of a debit memorandum issued by the bank is to show it as a/an __________.
Question 73 :
Favourable bank balance as per the cash book will be less than the bank pass book balance when there are unpresented cheques for payment.
Question 74 :
In the Bank reconciliation statement "Deposit in transit" is usually ____________.
Question 75 :
Bank reconciliation sometimes points to the need for adjusting entries. Invariably how should it be done?
Question 78 :
Difference in balance as per pass book and balance as per cash book due to _____________ is termed as difference arising due to errors in recording the transaction and not a timing difference.
Question 79 :
Passbook is the statement of account of the customer maintained by the bank.
Question 80 :
Which one of these is not a cause of difference in balance as per pass book and as per cash book?
Question 84 :
________ is a statement which is prepared as on a particular date to reconcile the bank balance as per cash book with balance as per pass book by showing all the causes of difference between the two. 
Question 86 :
The proper treatment on the bank reconciliation of a note collected by the bank for the depositor is to show it as an _________.
Question 87 :
Direct collection received by the bank on behalf of its customers will increase the balance as per the Bank Pass-book as compared to the balance as per the Cash-book.
Question 89 :
Difference in balance as per pass book and balance as per cash book due to ________ is not termed as timing difference.
Question 90 :
When a banker collects the bills and credits the amount, pass book overdraft shows ______ balance than before.
Question 91 :
The proper treatment on the bank reconciliation of an NSF cheque of a customer that is returned with the bank statement is to show it as a(an) ____.
Question 92 :
Which one of these is true about a bank reconciliation statement?
Question 93 :
Which of the following is/are cause of difference of balance between cash book & the pass book?
Question 94 :
Bank Reconciliation Statement is prepared to ascertain the causes of the difference between ________________ and ______________.<br/>
Question 95 :
 Difference of cash book & pass book arise because of ____________.
Question 97 :
On a bank reconciliation which of the following would be added to the balance as per bank statement?<br/>
