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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
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
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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Total Questions15
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Time Allowed20
Principles of accounting Icom Part 1 English Medium Chapter 8 Online Test
00:00
Question # 1
When cheque received, and deposited into bank, bank account must be
Question # 2
It is used to record cash, bank and discount transactions on debit and credit side
Question # 3
When money is paid to a creditor or supplier a receipt is obtained from him which is called
Question # 4
The favorable balance of bank statement is
Question # 5
Cash account is a
Question # 6
It is used to record only cash receipts and payments
Question # 7
All cash purchases and cash sales are recorded in
Question # 8
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 # 9
Credit purchases are recorded in
Question # 10
The money can be deposited into bank by means of
Question # 11
Ahmed's cheque endorse to Akbar should be debited to
Question # 12
Bank reconciliation statement is prepared by
Question # 13
.The cash book is a
Question # 14
An entry which is recorded on the both sides of cash book is called
Question # 15
When cash is withdrawn from the bank for the personal use of the owner, must be debited to
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.
Top Scorers Of Chapter 8 "Principles of accounting Icom Part 1 English Medium Chapter 8 Online Test" MCQ`s Test
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H hamza abid 10 - Apr - 2023 10 Min 50 Sec 15/15 -
A Ayan Ahmed 04 - May - 2024 01 Min 10 Sec 14/15 -
Z Zahid javed Butt 08 - Jun - 2024 03 Min 04 Sec 14/15 -
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F Fatima Asif 25 - May - 2024 03 Min 36 Sec 13/15 -
A Abdulah Iftikhar 10 - Nov - 2022 05 Min 11 Sec 13/15 -
L Laiba 06 - Feb - 2023 02 Min 13 Sec 12/15
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | All cash purchases and cash sales are recorded in |
A. Cash book
B. Purchases book
C. Sales book
D. Purchases and sales book
|
| 3 | 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
|
| 4 | A cash account always shows |
A. Debit balance
B. Credit balance
C. Both debit and credit balance
D. Nil balance
|
| 5 | The book in which all cash transaction are primarily recorded is called |
A. Pass book
B. Cheque book
C. Finance book
D. Cash book
|
| 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 | 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
|
| 8 | Our cheque to Ali & Bros, returned dishonored should be credited to |
A. Cheque account
B. Cash account
C. Bank account
D. Ali & Bros account
|
| 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 | 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
|
Test Questions
