For the month end 31 March 2016,a cheque of $11,500 received on 30 March 2016 was not credit by the bank until 2 April 2016.

A debtor's cheque of $19,000 dated 20 April 2016 was deposited into the bank. It was returned by the bank but no entry had been made for this in the cash book.

A payment of $6,500 by cheque was wrongly recorded on the debit side of the cash book.

The Bank Balance at 29 February 2016 of $132,300 (debit) in the cash book was mistakenly carried down as $122,300(debit)

A bank service charge fee of $200 was wrongly debited by the bank as $2,000

A loan interest of $5,000 is charged by the bank but not yet entered in the cash book.

A direct credit of $18,600 made by a debtor but not yet entered in the cash book.

An autopay of $1,400 for the electricity bill for the period January-February 2016 is made by bank but not yet entered in the cash book.

On 7 April 2016, you received the bank statement for month end of March and found that a $16,400 cheque, which was drawn on 2 March 2016 and paid to creditor, had not been presented to the bank.

Credit is categorised into:

(1) revolving and non-revolving

(2) instalment and non-instalment

(3) fixed and floating

Which of the following is not a benfit of using consumer credit?

(1) A chance to acquire expensive items

(2) Do not need to carry lots of cash for shopping

(3) Higher interest payments

Which of the following is revolving credit?

Credit available is the difference between _______ and _______.

Which of the following institution assess individual credit worthiness in Hong Kong?

We should __________ to Keep a good credit record.

Which of the following is not a credit card operator

Which of the following is not an advantage od using a credit card?

Which of the following institutions would access the database of credit reference agencies?

(1) Finance companies

(2) Banks

(3) Inland Revenue Department

(4) Business Registration Office

A consumer has a hihger credit score if he has _______ assets and _______ liabilities

Chi Ming plans to buy a $10,000 audio-visual set with a credit card. Which of the following is not a factor for choosing the type of credit?

Which of the following types of credit does not require successive applications?

Which of the following is a disadvantage of instalments?

(1) Interest needs to be paid in each instalment.

(2) Convenient for consumers to buy expensive goods.

(3) The ownership of goods is transferred to consumers only after settling all of the instalments.