34- Which one of the following is considered as cash? a. Certified Cheques. b. Letter of credit c. Credit card. d. Post Dated Cheques
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- Which one of the following is considered as cash? a. Credit card. b. None of these c. Certified Cheques. d. Post Dated Cheques8. Which of the following is usually considered cash? a. Certificates of deposit b. Checking accounts c. Money market savings certificates d. Post-dated checks34-Which of the following is normally recorded in the cash disbursement journal? a. Payment made to monthly expense b. Purchase made on credit c. Sales made for cash d. Cash received from individual customers
- 43-Which one of the following is not considered as cash? a. Credit card. b. Coins and currency notes. c. Debit Card d. Bank deposits.Calculator Accompanying the bank statement was a debit memo for an NSF check received from a customer. What entry is required in the company's accounts? Oa. debit Cash; credit Other Income Ob. debit Accounts Receivable; credit Cash Oc. debit Other Income; credit Cash Od. debit Cash: credit Accounts Receivable 231 PM 8.Which of the following states the entries required to account for a reimbursement to the petty cash float of $125 from the bank account? Cr Cash and bank Cr Petty cash A Dr Petty cash В Dr Cash and bank C Dr Drawings Cr Petty cash D Dr Drawings Cr Cash and bank
- 23. What is the best way to manage the credit card? i. Always pay the minimum amount ii. Make payment on time iii. Withdraw cash from credit card iv. Keeping within the credit limit A. i and ii B. i and iv C. ii and iii D. ii and iv33- Which one of the following is not considered as cash? a. Credit card. b. Debit Card c. Bank deposits. d. Coins and currency notes.ah- ELearning The proper treatment of outstanding cheques Is to report them in the bank reconcilation as which of the following? o a. An addition to the balance as per cash book O b. A deduction from the balance as per bank statement O C. An addition to the balance as per bank statement o d. A deduction from the balance as per cash book A OMR 40,000, interest-bearing notes payable is signed on December 26, 2002. If the note is a 120-day note, what is the maturity date for this short term liability? of O a. April 26 O b. March 25 O c. March 26 O d. April 25 5. Oman Air purchased aeroplane for OMR 200,000, on July 1, 2015. The company expects the service life of the airplane to be 5 years. During that time, it is expected that the aeroplane's useful life will be 40,000 hours. The anticipated salvage value is OMR 10,000. The aeroplane is disposed of after five years of use. Calculate the book value of aeroplane as on 31-12-2017? Use declining-balance depreciation method of charging…
- 22. A cheque issued by the company but not presented to bank is known as ______. a. Deposit in transit b. Outstanding deposit c. All the options d. Outstanding chequesAccompanying the bank statement was a debit memo for bank service charges. What entry is required in the company's accounts? Oa. debit Miscellaneous Administrative Expense; credit Cash Ob. debit Cash; credit Other Income Oc. debit Cash; credit Accounts Payable Od. debit Accounts Payable; credit CashWhich of the following would be included in a journal to record an NSF check? a. A debit to Accounts payable and a credit to Cash b. A debit to Cash and a credit to Accounts receivable c. A debit to Accounts receivable and a credit to Cash d. A debit to Miscellaneous expense and a credit to Cash