When preparing a BRS from the Pass Book balance (favorable), a cheque deposited but not collected will be: MCQ with Answer and Explanation

Question
When preparing a BRS from the Pass Book balance (favorable), a cheque deposited but not collected will be:
A. Deducted
B. Added
C. Divided
D. Ignored
Answer: Option B
Solution (By JKSSB Mock Tests)
The cash book balance is higher (receipt was recorded). To move from pass book to match the cash book, the amount must be added.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1
Under single entry system, opening capital is ascertained by preparing:
A. Profit and loss account
B. Trading account
C. Statement of affairs
D. Income and expenditure account
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
In single entry, a statement of affairs (similar to balance sheet) is prepared to ascertain opening and closing capital.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
The 'GST Council' is a constitutional body under:
A. Article 370
B. Article 324
C. Article 280
D. Article 279A
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
GST Council was created by Constitution (101st Amendment) Act, 2016, under Article 279A.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
A business has a closing stock of ₹60,000, its NRV is ₹55,000. Stock will be valued at:
A. ₹60,000 or ₹55,000 at option
B. ₹57,500
C. ₹55,000
D. ₹60,000
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
Prudence requires stock at lower of cost or NRV, so ₹55,000.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Explore All Accountancy and Book Keeping MCQs
Today's Top Topics
Accountancy and Book Keeping 1861 Statistics 1318
Explore Subjects
Accountancy and Statistics 3179 Economy GK 2220 English 15164 Computer 5279 Current Affairs 575
Practice Mix
Which of the following is an indirect tax in India?
The valve between the left atrium and left ventricle is the:
A person faces north. He turns 45° left, then 90° right, then 45° left. Which direction is he facing?
Under the Income Tax Act, the 'TDS' on the sale of an immovable property (other than agricultural land) by a resident is governed by which section, and what is the rate?
In 'Piecemeal Distribution' during dissolution, the first priority for payment of outside liabilities is: