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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English
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ICOM Part 1 Urdu Medium Subjects

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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

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

Question # 2

A statement which is used to reconcile the bank balance as per cash book with the balance as per pass book is called

Question # 3

The money can be deposited into bank by means of

Question # 4

It is used to record only cash receipts and payments

Question # 5

Bank reconciliation statement is prepared by

Question # 6

The favorable balance of cash book bank column is

Question # 7

Cash account is a

Question # 8

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

Question # 9

When money is paid to a creditor or supplier a receipt is obtained from him which is called

Question # 10

A document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called

Question # 11

When cheque received, and deposited into bank, bank account must be

Question # 12

A double column cash book is used to record

Question # 13

Credit purchases are recorded in

Question # 14

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

Question # 15

Ahmed's cheque endorse to Akbar should be debited to

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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 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
2 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
3 Received a cheque from Bilal Rs. 1900 in ful settlement of his debt Rs. 2000 should be debited to
A. Cash account
B. Discount allowed account
C. Bank account
D. Both a & b
4 Our cheque to Ali & Bros, returned dishonored should be credited to
A. Cheque account
B. Cash account
C. Bank account
D. Ali & Bros account
5 Credit purchases are recorded in
A. Purchases book
B. Creditors book
C. Cash book
D. Purchases returns book
6 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
7 When cash is withdrawn from the bank for the personal use of the owner, must be debited to
A. Cash account
B. Bank account
C. Drawings account
D. Capital account
8 A document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called
A. Receipt voucher
B. Cash voucher
C. payment voucher
D. Cash memo
9 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
10 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

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