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11th Principles of Accounting Chapter 8 Test

Here you can prepare 11th Principles of Accounting English Medium Chapter 8 Cash Book and Bank Reconciliation Statement Test. Click the button for 100% free full practice test.

First Year Principles of Accounting Chapter 8 Online MCQ Test for 1st Year Principles of Accounting Chapter 8 (Cash Book and Bank Reconciliation Statement)

This online test contains MCQs about following topics:

. Cash book . Definition . Is cash book a journal or a ledger? . Distinction between a cash book and a cash account . Types of cash book . Opening an account with a bank, accounting treatment of cheques . Dishonour of cheques . Classification of cash book . Bank reconciliation statement . Distinction between cash book and pass book . What is meant by reconciliation?

ICOM Part 1 Accounting Ch 8 Test
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First Year Principles of Accounting Chapter 8 Online MCQ Test for 1st Year Principles of Accounting Chapter 8 (Cash Book and Bank Reconciliation Statement)

Sr. # Questions Answers Choice
1 Ahmed's cheque endorse to Akbar should be debited to
  • A. Cash account
  • B. Cheque account
  • C. Akbar's account
  • D. Ahmed account
2 When money is paid to a creditor or supplier a receipt is obtained from him which is called
  • A. Cash voucher
  • B. Cash payment
  • C. Receipt voucher
  • D. Payment voucher
3 Bank reconciliation statement is prepared by
  • A. Banker
  • B. Customer's accountant
  • C. Auditors
  • D. Manager
4 A cash account always shows
  • A. Debit balance
  • B. Credit balance
  • C. Both debit and credit balance
  • D. Nil balance
5 Credit purchases are recorded in
  • A. Purchases book
  • B. Creditors book
  • C. Cash book
  • D. Purchases returns book
6 An entry which is recorded on the both sides of cash book is called
  • A. Simple entry
  • B. Compound entry
  • C. Combined entry
  • D. Contra entry
7 The favorable balance of cash book bank column is
  • A. Credit balance
  • B. Debit balance
  • C. Both debit and credit balance
  • D. None of these
8 The book in which all cash transaction are primarily recorded is called
  • A. Pass book
  • B. Cheque book
  • C. Finance book
  • D. Cash book
9 A statement which is used to reconcile the bank balance as per cash book with the balance as per pass book is called
  • A. Bank statement
  • B. Income statement
  • C. Bank reconciliation statement
  • D. Financial statements
10 All cash purchases and cash sales are recorded in
  • A. Cash book
  • B. Purchases book
  • C. Sales book
  • D. Purchases and sales book

Top Scorers of Principles of accounting Icom Part 1 English Medium Chapter 8 Online Test

K

Kalsoom

Lahore11 - Jan - 2024

14/15
04 Mins 11 Sec
M

Mani Noul

Lahore21 - Mar - 2024

8/15
02 Mins 18 Sec
I

IMRAN NAZIR

Lahore04 - Jan - 2024

8/15
04 Mins 48 Sec

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