i. Overdraft means ________ balance of Cash Book.  (a) closing  (b) debit  (c) opening  (d) credit

Select the most appropriate alternative from those given and rewrite the following statement:

i. Overdraft means ________ balance of Cash Book. 

(a) closing 

(b) debit 

(c) opening 

(d) credit

ii. When a cheque is deposited and collected by bank Pass Book is ________ 

(a) dishonoured 

(b) debited 

(c) credited 

(d) written

iii. A _______ is a summary of financial transactions that take place over a period of time on a bank account. 

(a) withdrawal slip 

(b) bank advice 

(c) bank statement 

(d) Pay-in-slip

iv. Debiting an entry in Cash Book _______ cash balance. 

(a) increases 

(b) decreases 

(c) nullifies 

(d) none of the above

v. Bank Reconciliation Statement is prepared by _______ 

(a) student 

(b) businessman 

(c) bank 

(d) none of the above