Withdrawing more amount from bank than the deposit in the account is termed as____
A) Fixed deposit
B) Current deposit
C) overdraf
Correct Answer:
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Q65: Income received in advance is an _
A)Asset
B)Liability
C)Expense
Q66: If goods are destroyed by fire ,
Q67: Provision for account on creditors has a
Q68: Income earned but not received to known
Q69: Prepaid expense is _ to the business
A)Asset
B)Liability
C)Expense
Q71: Income of overdraft, pass book will show
Q72: Cash book shows _balance when there is
Q73: When bank charge incurred, overdraft will be
Q74: _ balance in cash book indicate deposit
Q75: Special journal are also called_
A)Journal
B)Ledger
C)Day boo
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