Practice Question and Answer
8Q: In preparing a bank reconciliation, outstanding checks are 1613 05b5cc64ae4d2b4197774bbf8
5b5cc64ae4d2b4197774bbf8- 1Deducted from the balance sheettrue
- 2Added to the bank balancefalse
- 3Deducted from the bank balancefalse
- 4Added to the balance sheetfalse
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Answer : 1. "Deducted from the balance sheet"
Explanation :
Answer: A) Deducted from the balance sheet Explanation: If an outstanding check of the previous month clears the bank (is paid by the bank) in the current month, you simply remove that check from the list of outstanding checks. If an outstanding check of the previous month does not clear the bank in the current month, the check will remain on the list of outstanding checks until the month that it does clear the bank. In the bank reconciliation process, the total amount of the outstanding checks is deducted from the balance appearing on the bank statement.
Q: Simplify the following equation.
$${(785.785.785+435.435.435) \over(785)^{2}+(435)^{2}-(785)(435)}$$
1613 05ec4a739552ff02e711e8df7
5ec4a739552ff02e711e8df7$${(785.785.785+435.435.435) \over(785)^{2}+(435)^{2}-(785)(435)}$$
- 1350false
- 2785false
- 31220true
- 41320false
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Answer : 3. "1220 "
Q: Gold is 19 times as heavy as water and copper is 9 times as heavy as water. In what ratio should these metals be mixed so that the mixture may be 15 times as heavy as water?
1612 05f0ec1e2b6738d790d139188
5f0ec1e2b6738d790d139188- 13: 2true
- 22 :3false
- 32 :4false
- 4None of thesefalse
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Answer : 1. "3: 2"
Q: ............is a tax saving mutual fund.
1612 05d64f3c5206c16378fcd3850
5d64f3c5206c16378fcd3850- 1ELSStrue
- 2Balanced Fundfalse
- 3Debt Fundsfalse
- 4Oil Fundfalse
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Answer : 1. "ELSS "
Q: Maneela lent Rs. 8000 partly at the rate of 5% and partly at the rate of 6% per annum simple interest. The total interest she get after 2 years is Rs. 820, then in which ratio will Rs. 8000 is to be divided? 1612 05b5cc6bee4d2b4197774d9b5
5b5cc6bee4d2b4197774d9b5- 17:1true
- 213:5false
- 315:7false
- 42:7false
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Answer : 1. "7:1"
Explanation :
Answer: A) 7:1 Explanation: Maneela lent Rs. 8000 in two parts,
Q: India and __________ signed Contract for Modernisation of Radar and Missile Systems.
1612 05d7f5fc4b4835d15d81f6fc9
5d7f5fc4b4835d15d81f6fc9- 1Italyfalse
- 2Turkeyfalse
- 3Spainfalse
- 4Russiatrue
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Answer : 4. "Russia"
Q: Ireland's Nobel laureate has passed away. What is his name?
1612 05f2e75f8b6a1cb7a831cc52c
5f2e75f8b6a1cb7a831cc52c- 1Rajesh Singhfalse
- 2Manish Solankifalse
- 3Rakesh Sharmafalse
- 4John Humetrue
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Answer : 4. "John Hume"
Q: What is the Capital city of Peru? 1612 05b5cc69fe4d2b4197774c9dd
5b5cc69fe4d2b4197774c9dd- 1Sucrefalse
- 2Manamafalse
- 3Limatrue
- 4Bogotafalse
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Answer : 3. "Lima"
Explanation :
Answer: C) Lima Explanation: Lima is the Capital of Peru and its Currency is Sol.