Kerala Psc Clerk / Cashier Model Questions and Answers 2015
Answer :- Journal proper
2. After passing journal entry we have to explain briefly the transaction for which the entry has been passed ______.
Answer :- narration
3. When a firm maintains a cash book it need not maintain _____.
Answer :- cash account in the ledger
4. Goodwill, trademarks, patent etc. are the example of _____ assets.
Answer :- Antangible assets
5. ______ give the details of the goods received back or allowances granted.
Answer :- Credit note
6. A Journal entry with more than one debit or credit is called _____ entry.
Answer :- Compound entry
7. Statements of affairs method is called or known as _____ method.
Answer :- Capital comparison method
8. Amount received from the sale of fixed asset is ______ receipt.
Answer :- Capital receipt
9. An error committed due to lack of knowledge of accounting is known as _______.
Answer :- Error of principle
10. Preliminary expense is an example of ______.
Answer :- Fictitious asset
11. Chain Banking is most popular in ______.
Answer :- USA
12. Bill of exchange should have the signature of the ______.
Answer :- Drawer
13. A Cheque which in turn is to pieces is called ______.
Answer :- Mutilated Cheque
14. While calculating due date of the bill extra three days to be added these days are known as ______.
Answer :- Days of grace
15. General Crossing is deals as per section ______ of the N1 act.
Answer :- 123
16. Cancellation of crossing of a cheque is technically known as _____.
Answer :- Opening of crossing
17. ______ means writing on the back of negotiable instrument for the purpose of negotiation.
Answer :- endorsement
18. A slip of paper attached to a negotiable instrument for endorsement is called ______.
Answer :- Allonge
19. The negotiable instrument act was passed in India in the year?
Answer :- 1881
20. A purchaser of goods on credit or a borrower or a debtor who accepts the bill drawn by the creditor is ______.
Answer :- drawee
