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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Principles of Accounting
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English
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ICOM Part 1 Urdu Medium Subjects

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Urdu
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Principles of Accounting

MCQ's Test For Chapter 8 "Principles of accounting Icom Part 1 English Medium Chapter 8 Online Test"

Try The MCQ's Test For Chapter 8 "Principles of accounting Icom Part 1 English Medium Chapter 8 Online Test"

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

00:00
Question # 1

The book in which all cash transaction are primarily recorded is called

Question # 2

When cash is received from debtor or customer, generally a receipt is issued to the debtor which is called

Question # 3

Bank reconciliation statement is prepared by

Question # 4

Cash account is a

Question # 5

All cash purchases and cash sales are recorded in

Question # 6

paid to Nadeem cash Rs. 5000 and a cheque for Rs. 4800 in full settlement of his dued Rs. 10000 should be credited to

Question # 7

Credit purchases are recorded in

Question # 8

.The cash book is a

Question # 9

A double column cash book is used to record

Question # 10

The favorable balance of cash book bank column is

Question # 11

It is used to record cash, bank and discount transactions on debit and credit side

Question # 12

When cash is withdrawn from the bank for the personal use of the owner, must be debited to

Question # 13

Unfavorable balances mean

Question # 14

A cash account always shows

Question # 15

It is used to record only cash receipts and payments

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11th Principles of Accounting Chapter 8 Test

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ICom Part 1 Principles of Accounting Chapter 8 Important MCQ's

Sr.# Question Answer
1 The favorable balance of bank statement is
A. Credit balance
B. Debit balance
C. Zero balance
D. All of these
2 When cash is received from debtor or customer, generally a receipt is issued to the debtor which is called
A. Payment voucher
B. Receipt voucher
C. Cash voucher
D. None of these
3 paid to Nadeem cash Rs. 5000 and a cheque for Rs. 4800 in full settlement of his dued Rs. 10000 should be credited to
A. Cash account
B. Bank account
C. Discount received account
D. All of these
4 The book in which all cash transaction are primarily recorded is called
A. Pass book
B. Cheque book
C. Finance book
D. Cash book
5 Our cheque to Ali & Bros, returned dishonored should be credited to
A. Cheque account
B. Cash account
C. Bank account
D. Ali & Bros account
6 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
7 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
8 It is used to record only cash receipts and payments
A. Single column cash book
B. Double column cash book
C. Treble column cash book
D. Sales book
9 Credit purchases are recorded in
A. Purchases book
B. Creditors book
C. Cash book
D. Purchases returns book
10 A cash account always shows
A. Debit balance
B. Credit balance
C. Both debit and credit balance
D. Nil balance

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