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- Question
What is reconciliation?
- Correct Answer
- You should have recorded in your cash books all amounts you?ve actually received and payments you?ve actually made However, the cash books may be incomplete as your bank may have put extra transactions through your account, such as: bank fees or interest charges direct debits (payments) and direct credits (receipts) Doing a regular bank reconciliation will allow you to: take into account any extra transactions your bank puts through your account, and check and record any errors or omissions By regularly doing a bank reconciliation (say monthly) you can be more confident that your records contain all the information you need to prepare your income tax return and activity statements reconciliation- This is a statement prepared to find the reason for difference in any two balance eg 1)bank reconciliation is prepared to find the reason of difference between the passbook & cash book balance 2)Stock reconciliation is prepared to the reason of difference between the physical balance & book balance or to find the stock balance as on certain date etc
- 1. The threshold limit upto which coins can be issued as per the Coinage Act 2011 ?
Options- A. 100
- B. 200
- C. 500
- D. 1000 Discuss
- 2. Cash Reserve Ratio ( CRR) and Stautory Liquidity Ratio (SLR ) are terms most closely related to which of the following industries/markets :
Options- A. Mutual Fund
- B. Income Tax
- C. Stock Exchange
- D. Banking Discuss
- 3. What is the minimum period of time for which one can open an FD(Fixed Deposit) account ?
Options- A. 15 days
- B. 6 months
- C. 7 days
- D. 1 year Discuss
- 4. Which Bank has been given scheduled bank status by RBI ?
Options- A. Disha
- B. Suryoday
- C. Janalakshmi
- D. Ujjivan Discuss
- 5. Which class is used to indicate Black Navigation Bar ?
Options- A. .navbar-inverse
- B. .navbar-black
- C. .navbar-dark
- D. .navbar-default Discuss
- 6. The journal entry to record a credit sale is
Options- A. Accounts Receivable
- B. Accounts Payable
- C. Both A & B
- D. None of the above Discuss
- 7. What is CRR rate? Discuss
- 8. Which among the following are not access Specifiers in C++?
Options- A. Public
- B. Protected
- C. Default
- D. Private Discuss
- 9. In which year, the first bank of India "Bank of Hindustan" was established ?
Options- A. 1677
- B. 1770
- C. 1796
- D. 1831 Discuss
- 10. What could be the bucket size if collision and overlapping occur at same time?
Options- A. 2
- B. 0
- C. 1
- D. 4 Discuss
More questions
Correct Answer: 1000
Correct Answer: Banking
Correct Answer: 7 days
Correct Answer: Ujjivan
Explanation:
Ujjivan Small Finance Bank Ltd, a wholly-owned subsidiary of Ujjivan Financial Services Ltd, has been given scheduled bank status by RBI.
Correct Answer: .navbar-inverse
Explanation:
.navbar-inverse is used to display in black color.
Correct Answer: Accounts Receivable
Explanation:
The journal entry to record a credit sale is Accounts Receivable. Credit sale is nothing butthe customers pay at the time of buying.
Correct Answer: CRR or Cash Reverse Ratio is the amount of money that a commercial bank has to keep with the Reserve Bank of India If the bank increase CRR then the amount with RBI comes down and vice-versa
Correct Answer: Default
Explanation:
Default is the access specifier in java not in C++
Correct Answer: 1770
Explanation:
Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829-32.
Correct Answer: 1
Explanation:
One. If there is only one entry possible in the bucket, when the collision occurs, there is no way to accommodate the colliding value. This results in the overlapping of values
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