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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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

  • Time Allowed20

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

00:00
Question # 1

The favorable balance of bank statement is

Question # 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

Question # 3

All cash purchases and cash sales are recorded in

Question # 4

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

Question # 5

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

Question # 6

The favorable balance of cash book bank column is

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

Unfavorable balances mean

Question # 11

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

Question # 12

Cash account is a

Question # 13

Bank reconciliation statement is prepared by

Question # 14

A double column cash book is used to record

Question # 15

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

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