The process of ascertaining the balance of a particular account on a given date is :

Related MCQs

• Which balance is not considered for closing entries on t he basis of trial balance for transferring to Trading and Profit & Loss Account?
• Which of the following lists the balance and the title of accounts in the ledger on a given date?
• M/s. A.B. Enterprises has bank balance 8,800 as per cash book and the followings were found: (a) Three cheques deposited in bank for 5,800 but only one cheque for 2,000 was cleared. (b) Dividend collected by Bank 1,250 was wrongly entered in cash book as 1,520. What is balance as per pass book?
• At the time of preparation of financial accounts, balance of Bad Debts Recovered Account will be transferred to
• Difference in Bank Balance as per Pass book and Cash book may arise on account of
• All of the following have debit balance except one. That account is ………
• Which of the following account will have credit balance?
• Which of the following account will have credit balance?
• There are 100 members each p aying an annual subscription of 500. The Receipt and Payment account shows arrear subscription of 4,500, advance subscriptions 6,000 and current 44,500. How much amount to be credited in the Income and Expenditure account?
• Income and Expenditure account shows subscription at 2,50,000. Subscriptions accrued in the beginning of the year and at the end of the year were 25,000 and 37,500 respectively. The amount of subscriptions received appearing in re ceipts and payments account will be