(MGT101) MCQs concept base. Cash Transaction or Credit Transaction (1) Furniture of Rs. 30,000 purchased and the payable amount is promised to be paid in the month of May 2020. (2) Service revenue of Rs. 20,000 received in the month of April 2020. (3) Credit transferred in bank account during the month *Long Questions:* *Q:* Classification of Accounting Heads. Different accounts/items were given and we had to identify their accounting head such as: - Asset - Liability - Expense (Table-based question) *Q:* Bank Reconciliation Statement (BRS) Given: - Balance shown by Bank Column on 31 December 2020 = Rs. 40,000 - Cheque issued but not presented to bank = Rs. 10,000 - Cheque deposited but not credited by bank = Rs. 30,000 Required: Prepare Bank Reconciliation Statement and determine the