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11th Principles of Accounting Chapter 7 Test

Here you can prepare 11th Principles of Accounting English Medium Chapter 7 Special Journals Test. Click the button for 100% free full practice test.

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

Sr. # Questions Answers Choice
1 A document given by the seller to the buyer for credit sale of goods or assets is called
  • A. Cash memo
  • B. Invoice
  • C. Voucher
  • D. None of these
2 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
3 The cash book is a book of
  • A. Compound entry
  • B. Original entry
  • C. Final entry
  • D. Simple entry
4 A document is sent to customer when he returns the goods is called
  • A. Promissory note
  • B. Debit note
  • C. Currency note
  • D. Credit note
5 Subsidiary books are called books of
  • A. Original entry
  • B. Secondary entry
  • C. Final entry
  • D. Basic entry
6 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
7 Bill receivable book represents
  • A. Ledger
  • B. Journal
  • C. Trail balance
  • D. All of above
8 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
9 All the acceptances received from the debtors are recorded in
  • A. Cash book
  • B. Bills payable book
  • C. Debtor's book
  • D. Bills receivable 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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