What is the fundamental basis of accounting?

1.Bank charges of 260 taka were mistakenly debited as 620 taka in the cash book. What will be the amount of the discrepancy between the cash book and bank balance due to this?

2.How much should be added to or subtracted from the cash book balance for the deposited cheque in the bank reconciliation statement?

3.Which one will not be included in the trial balance?

4.If the sale of an asset is credited to the sales account, what type of error occurs?

5.Will not included in the trial balance - i. Opening bank balance ii. Opening cash balance iii. Closing stock Which of the following is correct?

6.Bongoj Limited invested 1,20,000 taka for 8 years in 2023. The interest rate on the investment is 10%. An adjusting entry of 5,000 taka was provided for accrued interest on December 31. No interest was received throughout the year. On what date was the investment made?

7.What kind of journal entry is required \to update an account at the \end{of}the accounting period?

8.Adjusting unearned revenue will -

9.Book Value =?

10.In the straight line method of depreciation, the following are considered : i. Cost of the asset ii. Salvage value of the asset iii. Estimated useful life Which of the following is correct?

11.What is the cost of the machinery?

12.If the cost of goods sold is 1,00,000 taka and the profit margin on sales is 20%, what is the amount of sales?