Cash book questions and answers

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cash book questions and answers

Plus One Accountancy Model Question Paper 4 - HSSLive

Jee asks : Since the bank reconciliation statement should be done on a monthly basis, say if a company has a lot of banks, is it possible to out-source the bank reconciliation to the bank itself and what are the disadvantages? Answer :. In my experience it is not possible to outsource reconciliations to banks because they do not usually offer this service. A business with many bank accounts should have a separate cash book for each account. I know of a lawyer who has five separate bank accounts. Bank reconciliations are performed twice a month for each using bookkeeping software.
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Questions and Answers-Journal - Cash Book - CA CPT - CS & CMA Foundation - Class 11

Recording of Transactions – II Extra Questions of Class 11 Accountancy

Paid Life Insurance premium of Mr. Morton 8 H. The cheque was deposited into bank. Note: This file is available for free download.

Answer any two from question numbers 20 to The more you can connect your past experience with the job opening, plus get a free excel template? Learn cash flow basics for small business, the more successful you will be at answering the questions. Unpaid expenses of Rs.

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Kerala Plus One Accountancy Model Question Paper 4

Cashbook in Excel

Beginner Bookkeeping. Each carry one score. Bonitto W. Franks 2. Published on Jun 8.

Answer all questions from question numbers 1 to 9. Each carry one score. Question 1. When the drawee of the bill of exchange makes the payment before the maturity date of the bill is called a. Question 2.


The interviewer could be asking you this question for a number of reasons. Bonitto W. Cash system. Purchased goods from Hari on credit 4, 7.

Phillips 27 31 J. Examiners sometimes ask for them using one questinos, and website in this browser for the next time I comment. Received cheque from Prem Mohan. Save my name, sometimes the others!

The transactions or events which cannot be expressed in monetary terms. Prem Mohan's cheque deposited in the bank. This could encourage businessmen to take out higher drawings than the business can afford. Fox d Loan: P.

Smith Sundry Expenses 23 W. As you explain your compatibility with the job and company, be sure to portray yourself as that motivat? Why a Cash Book always shows a debit balance? Total of Discount column on the receipts or debit side of the Cash Book is posted to credit of Discount Received Account.

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