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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ICOM Part 1 English Medium Subjects

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Principles of Accounting
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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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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 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"

  • Total Questions15

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

00:00
Question # 1

The favorable balance of cash book bank column is

Question # 2

Received a cheque from Bilal Rs. 1900 in ful settlement of his debt Rs. 2000 should be debited to

Question # 3

All cash purchases and cash sales are recorded in

Question # 4

Cash account is a

Question # 5

An entry which is recorded on the both sides of cash book is called

Question # 6

Our cheque to Ali & Bros, returned dishonored should be credited to

Question # 7

Ahmed's cheque endorse to Akbar should be debited to

Question # 8

It is used to record only cash receipts and payments

Question # 9

Credit purchases are recorded in

Question # 10

.The cash book is a

Question # 11

Unfavorable balances mean

Question # 12

The favorable balance of bank statement is

Question # 13

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 # 14

The money can be deposited into bank by means of

Question # 15

A cash account always shows

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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 A cash account always shows
A. Debit balance
B. Credit balance
C. Both debit and credit balance
D. Nil balance
2 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
3 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
4 Credit purchases are recorded in
A. Purchases book
B. Creditors book
C. Cash book
D. Purchases returns book
5 When cheque received, and deposited into bank, bank account must be
A. Credited
B. Debited
C. Both debited & credited
D. None of these
6 The money can be deposited into bank by means of
A. Cash book
B. Cheque book
C. Pay-in-slip book
D. Pass book
7 The book in which all cash transaction are primarily recorded is called
A. Pass book
B. Cheque book
C. Finance book
D. Cash book
8 Unfavorable balances mean
A. Credit balance in the pass book
B. Credit balance in the cash book
C. Debit balance in bank statement
D. Both b & c
9 Bank reconciliation statement is prepared by
A. Banker
B. Customer's accountant
C. Auditors
D. Manager
10 The favorable balance of bank statement is
A. Credit balance
B. Debit balance
C. Zero balance
D. All of these

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