Unit 8 – Accounting Reports
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a) Only Bank transactions
c) Single transaction involving both Cash & Bank
b) Only Cash transactions
d) Both Cash & Bank transactions
4 . Profit and Loss Account displays:
a) Net Increase in Cash
c) Net Decrease in Outstanding
b) Net Profit / Loss
d) All of the above
5 . What are On Account Entries?
6 . What is the difference between Pending Bills and Due Bills?
7 . What is Ledger and what information it displays?
8 . What are the benefits of viewing Merged Account Ledger?
9 . If in Busy, Closing Trial balance is not matched then what could be the possible reason?
1 0 . Is there any report, which displays the amount to be paid to the parties on a specific date?
1 1 . Is there any report from which we can get balance of particular account on a particular date?
1 2 . Which report shows bill-wise outstanding?
1 3 . Which report shows profit or loss for a specified period?
1 4 . Which report shows movement of a particular Group of Account during a period?
1 5 . In which report we can view details of all Sales voucher entered in a specified period?
The objective of Education is to prepare Young to Educate themselves throughout their Lives.
Robert Maynard Hutchins
