First Year Principles of Accounting Chapter 7 Online MCQ Test for 1st Year Principles of Accounting Chapter 7 (Special Journals)

This online test contains MCQs about following topics:

. Subdivision of journal . How the transactions are entered in special journal and posted to the ledger? . Documents for sales and purchases-The invoice . Purchases journal . Distinction between purchases journal and purchases account . Sales journal (Book) . Purchases returns or returns outward journal . Rules for posting the purchases returns journal . Sales returns journal (Book)

ICOM Part 1 Accounting Ch 7 Test
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ICOM Part 1 English Medium Subjects

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Principles of Accounting
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Principles of Economics
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Principles of Commerce
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English
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Islamiat
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Business Mathematics
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Urdu

ICOM Part 1 Urdu Medium Subjects

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Urdu
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Business Mathematics
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Islamiat
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English
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Principles of Commerce
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Principles of Economics
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Principles of Accounting

MCQ's Test For Chapter 7 "Principles of accounting Icom Part 1 English Medium Chapter 7 Online Test"

Try The MCQ's Test For Chapter 7 "Principles of accounting Icom Part 1 English Medium Chapter 7 Online Test"

  • Total Questions15

  • Time Allowed20

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Principles of accounting Icom Part 1 English Medium Chapter 7 Online Test

00:00
Question # 1

A book which is used to record small expenses is called

Question # 2

Sales returns book periodical total is posted to

Question # 3

Bill receivable book represents

Question # 4

Both cash purchases as well as credit purchases are recorded in

Question # 5

A document is sent to customer when he returns the goods is called

Question # 6

Subsidiary books are called books of

Question # 7

All the transactions related to credit sales are recorded in

Question # 8

All the bills given to the creditors are recorded in

Question # 9

The periodical total of purchases book is posted to the

Question # 10

The periodical total of purchases returns book is posted to

Question # 11

All the acceptances received from the debtors are recorded in

Question # 12

The cash book is a book of

Question # 13

A document given by the seller to the buyer for credit sale of goods or assets is called

Question # 14

Which book is used to record all credit purchases?

Question # 15

Which book is used to record all cash receipts and cash payments?

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11th Principles of Accounting Chapter 7 Test

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ICom Part 1 Principles of Accounting Chapter 7 Important MCQ's

Sr.# Question Answer
1 Which book is used to record all cash receipts and cash payments?
A. Sale book
B. Purchase book
C. Cash book
D. Petty cash book
2 All the bills given to the creditors are recorded in
A. Creditor's book
B. Bills payable book
C. Bills receivable book
D. Bank book
3 The cash book is a book of
A. Compound entry
B. Original entry
C. Final entry
D. Simple entry
4 Sales returns book periodical total is posted to
A. Debit of returns inwards account
B. Credit of returns inwards account
C. Debit of returns outwards account
D. Credit of returns outwards account
5 When the goods are returned to the suppliers, an intimation is sent to them is called
A. Currency note
B. Invoice
C. Debit note
D. Credit note
6 Subsidiary books are called books of
A. Original entry
B. Secondary entry
C. Final entry
D. Basic entry
7 Bill receivable book represents
A. Ledger
B. Journal
C. Trail balance
D. All of above
8 Both cash purchases as well as credit purchases are recorded in
A. Cash book
B. Purchase book
C. Purchases account
D. None of these
9 The book which is used to record all goods returned to us by our customers is called
A. Returns outwards book
B. Returns inwards book
C. Sales book
D. Cash book
10 The periodical total of purchases book is posted to the
A. Debit of purchases account
B. Credit of purchases account
C. Credit of cash account
D. Debit of sales account

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