Accounts Updated on Dec 8, 2020 by FlashisaacDec 8, 2020 Welcome to Flashlearners Accounts Quiz... Read Each Question Carefully And Choose The Best Answer From The Options. You May Click Here for Free Video Tutorials To Boost Your Score Or Simply Click Here To Access Thousands of Accounts Questions Offline. Next To Begin...1. Calculate the adjusted cashbook balance...Balance as per cash book: #2,970Bank charges: #220Unpresented charges: #3950Uncredited cheques: #4178Direct debit by bank: #1000#2,190#1,750#3,750#4,1902. In a manufacturing company, the total cost of goods produced is equivalent toCost of goods soldCost of materials usedPurchasesSales3. The simplest form of single entry procedure consists of keeping aCash book and ledger accounts showing debtors and creditors balances balancesDay book or general journalCash journal, sales journal and purchases journalDay book in which transaction are described in a chronological order4. The source document that aids the ascertainment of amount paid out of a current account is theTellerChequeTeller stubCheque stub5. Which of the following relate to the profit and loss account of a manufacturing firm?Direct materialsWork-in-progressDirect labourAdministration overhead6. The cost of acquiring fixed assets and bring them into the firm is aRevenue expenditureGeneral expensesCapital expenditureRecurrent expenditure7. The financial plan of the government for a year is contained in theBudgetCash analysis bookGazetteVote book8. The cost of machine was #100,000 and an estimate salvage value of #2,000 with a useful life of 14 years. What's the accumulated depreciation for the past 4 years?#72,800#72,000#26,000#28,0009. Cashbook can also be used as bothDaybook and ledger accountSales book and ledger accountCredit note and ledger accountDebit note and ledger account10. The most convenient cash book used by a petty trader operating in an area where there is no banking facility isTwo columnSingle columnFour columnThree columnTime is Up!