Pass CPA Exam

Practicing Sample Questions Free

Prepare yourself for AICPA exam practicing different types of questions from FAR, REG, AUD and BAR to build a successful career in Accounting.

Book Your Free Demo Session

Test Prep and Homework Help from
Private Online Tutors

Popular: Accountancy, Economics, Mathematics

STUDENT STRENGTH
0 +
SINCE
0
ALUMNI
0 +

Learn Without Limits
With VRC

Question Bank
Question Bank
Video Lactures
Video Lectures
Study Materials
E-Books
Sample Papers
Study Materials

Introduction by "Vivek Raj"

Picture of FOUNDER & INSTRUCTOR VIVEK RAJ

FOUNDER & INSTRUCTOR VIVEK RAJ

Creative and Compassionate Private Tutor having more than 12 years of Experience

As an Owner and Faculty of VRC OF COMMERCE institution since 2010, i became most successful faculty of Accountancy, Economics and finance. Working hard with laborious students, i have gained huge experience of more than 12 years along with well perfection in my education as well profession.

Our Results

VRC has proven why we are at best in terms of expertise and Excellence.

Rizwan (95%)

Rabbnee (95%)

Shweta (95%)

Priyanka (95%)

Kasif (95%)

We appreciate them..!

What our Students have to say?

Shopping Cart
Scroll to Top
0%
0 votes, 0 avg
0

Wishing You All The Best On Your Test!

Good Luck...!

Thanks for participating in the quiz.

We Appreciate Your Hard Work.


1 / 26

1. Bank charges Rs.5,000 debited twice in pass book. What should be done in BRS if overdraft as per cash book is starting point?

2 / 26

2. Ravi’s bank reconciliation statement shows cheques deposited but not credited by bank of Rs. 3,800 and cheques issued but not presented by suppliers of Rs. 3,500. His bank balance as per Cash Book is Rs. 25,000. Balance as per pass book statement is

3 / 26

3. Bank statement also called?

4 / 26

4. A business receives its bank statement showing the closing balance as Rs. 8,500 overdrawn. It is found that there were unpresented cheques amounting to Rs. 2,000 and uncredited deposits amounted to Rs. 1,500. Overdraft as per Cash Book is:

5 / 26

5. Unfavourable bank balances means:

6 / 26

6. VRC Ltd. receives a check for Rs. 100 records it in cash book and deposits it on the same day. A statement sent by the bank that day does not show this Rs. 100. How is this shown on the bank reconciliation statement?

7 / 26

7. Unfavourable bank balance means

8 / 26

8. A bank reconciliation statement is prepared by

9 / 26

9. Payment done by the account holder through issuing a cheque is entered in

10 / 26

10. If balance in the bank statement shows Rs. 3,000 (Dr.) and there are deposits of Rs. 800 not yet credited and unpresented cheques totalling Rs. 500, the balance in the Cash Book should be:

11 / 26

11. Bank Reconciliation Statement is prepared:

12 / 26

12. Customer’s copy of the account provided by the bank to the depositor to record deposits and withdrawals is called:

13 / 26

13. Find out the Bank Balance as per Cash Book from the following particulars :
(i) Overdraft as per Pass Book = Rs. 5,000.
(ii) Cheques deposited into the bank but not credited = Rs.2,000

14 / 26

14. A Bank Reconciliation Statement is:

15 / 26

15. When check is not paid by the bank, it is called?

16 / 26

16. Current account shows Rs. 1,000 as overdrawn. When bank statement is received, it was identified that one of debtors has deposited Rs. 400 into the account and bank charges of Rs. 20 had been debited to the account. Bank Statement balance is

17 / 26

17. Overdraft as per Cash Book is Rs. 10,000. Cheques deposited but not credited Rs.2,500. Cheques issued but not encashed Rs.3,500. What is the balance as per Pass Book?

18 / 26

18. Cash book balance was Rs. 1,790 (Dr.). When compared with the bank statement, it was identified that unpresented cheques were Rs. 1,040 and deposits not credited were Rs. 820. Balance of the bank statement will

19 / 26

19. The cheque which is issued to creditor but is not presented for payment is called?

20 / 26

20. ‘NSF’ marked in cheque sent back by the bank indicates

21 / 26

21. Uncollected checks are also known as?

22 / 26

22. A bank reconciliation statement is mainly prepared for:

23 / 26

23. Following details are related to a firm’s banking transactions at 31st March, 2019. Balance as per bank statement Rs. 22,650; uncleared lodgements Rs. 3,110; unpresented cheques Rs. 6,290. Bank credit recorded twice by bank in error as Rs. 650.
Which balance for cash at bank should appear in the Balance Sheet as at 31st March, 2019?

24 / 26

24. Pass Book of the account holder is a copy of

25 / 26

25. Passbook is a copy of:

26 / 26

26. The balance on the debit side of the bank column of cash book indicates?

Share With Your Friends!

LinkedIn Facebook
0%

Rate Us?

Thanks For Participating In The Quiz..!

Login