Posting – NBC Institute

FA – May 2022 – L1 – SA – Q2 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

Identify the correct posting when a proprietor withdraws cash from a business for private use.

Question

When a proprietor of a business withdraws cash from the organization for private use, the proper postings are:

DR	CR
A. Cash account	Drawings account
B. Drawings account	Capital account
C. Bank account	Drawings account
D. Drawings account	Cash account
E. Bank account	Cash account

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cash Withdrawal, Drawings, Posting, Private Use
Level: Level 1

FA – May 2017 – L1 – SA – Q20 – Bank Reconciliation

Defines a process that compares two sets of records.

Question

A process that compares TWO sets of records is
A. Reconciliation
B. Posting
C. Casting
D. Balancing
E. Absorption

Answer

Find Related Questions by Tags, levels, etc.

Tags: Balancing, Cash Flow, Posting, Reconciliation
Level: Level 1

Topic: Bank reconciliations
Series: MAY 2016

FA – May 2022 – L1 – SA – Q2 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

Identify the correct posting when a proprietor withdraws cash from a business for private use.

Question

When a proprietor of a business withdraws cash from the organization for private use, the proper postings are:

DR	CR
A. Cash account	Drawings account
B. Drawings account	Capital account
C. Bank account	Drawings account
D. Drawings account	Cash account
E. Bank account	Cash account

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cash Withdrawal, Drawings, Posting, Private Use
Level: Level 1

FA – May 2017 – L1 – SA – Q20 – Bank Reconciliation

Defines a process that compares two sets of records.

Question

A process that compares TWO sets of records is
A. Reconciliation
B. Posting
C. Casting
D. Balancing
E. Absorption

Answer

Find Related Questions by Tags, levels, etc.

Tags: Balancing, Cash Flow, Posting, Reconciliation
Level: Level 1

Topic: Bank reconciliations
Series: MAY 2016

Question Tag: Posting

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

FA – May 2022 – L1 – SA – Q2 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

Identify the correct posting when a proprietor withdraws cash from a business for private use.

FA – May 2017 – L1 – SA – Q20 – Bank Reconciliation

Defines a process that compares two sets of records.

FA – May 2022 – L1 – SA – Q2 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

Identify the correct posting when a proprietor withdraws cash from a business for private use.

FA – May 2017 – L1 – SA – Q20 – Bank Reconciliation

Defines a process that compares two sets of records.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: Posting

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

FA – May 2022 – L1 – SA – Q2 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

Identify the correct posting when a proprietor withdraws cash from a business for private use.

You're reporting an error for "FA – May 2022 – L1 – SA – Q2 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)"

FA – May 2017 – L1 – SA – Q20 – Bank Reconciliation

Defines a process that compares two sets of records.

You're reporting an error for "FA – May 2017 – L1 – SA – Q20 – Bank Reconciliation"

FA – May 2022 – L1 – SA – Q2 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

Identify the correct posting when a proprietor withdraws cash from a business for private use.

You're reporting an error for "FA – May 2022 – L1 – SA – Q2 – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)"

FA – May 2017 – L1 – SA – Q20 – Bank Reconciliation

Defines a process that compares two sets of records.

You're reporting an error for "FA – May 2017 – L1 – SA – Q20 – Bank Reconciliation"

Our offerings

Contact Info

Customer

Get In Touch

admin