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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What are bank charges?
💡 Hint: Think of the fees associated with your bank account.
Question 2
Easy
What happens if interest on deposits is not recorded?
💡 Hint: Consider how that affects your overall cash flow.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What are bank charges?
- Fees for account maintenance
- Revenue from interest
- Loan payments
💡 Hint: Think about costs associated with having a bank account.
Question 2
Interest on overdrafts is recorded in which part of the financial statements?
- True
- False
💡 Hint: Consider what might happen if it is not recorded.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A company received an overdraft interest charge of ₹200. If the cash book initially recorded ₹7,000, what should be the new cash book balance?
💡 Hint: Subtract the interest charge from the original cash book balance.
Question 2
If a business is unaware of a ₹350 maintenance fee, how does this affect their financial decisions for that month?
💡 Hint: How would missing fees impact budgets?
Challenge and get performance evaluation