11th class Principles of Accounting chapter 8 online mcq test with answers for I.Com part 1 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

Start Accounting Ch 8 Test

ICOM Part 1 English Medium Subjects

Principles of Accounting

Principles of Economics

Principles of Commerce

ICOM Part 1 Urdu Medium Subjects

Principles of Commerce

Principles of Economics

Principles of Accounting

Top Scorers Of Chapter 8 "Principles of accounting Icom Part 1 English Medium Chapter 8 Online Test" MCQ`s Test

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

Sr.#	Question	Answer
1	The book in which all cash transaction are primarily recorded is called	A. Pass book B. Cheque book C. Finance book D. Cash book
2	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
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4	When cash is withdrawn from the bank for the personal use of the owner, must be debited to	A. Cash account B. Bank account C. Drawings account D. Capital account
5	A cash account always shows	A. Debit balance B. Credit balance C. Both debit and credit balance D. Nil balance
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 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	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	Bank reconciliation statement is prepared by	A. Banker B. Customer's accountant C. Auditors D. Manager
10	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

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First Year Principles of Accounting Chapter 8 Online MCQ Test for 1st Year Principles of Accounting Chapter 8 (Cash Book and Bank Reconciliation Statement)

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"

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

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

All cash purchases and cash sales are recorded in

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

A cash account always shows

The money can be deposited into bank by means of

Cash account is a

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

Unfavorable balances mean

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

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

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

Credit purchases are recorded in

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

A double column cash book is used to record

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

Prepare Complete Set Wise Chapter 8 "Principles of accounting Icom Part 1 English Medium Chapter 8 Online Test" MCQs Online With Answers

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11th Principles of Accounting Chapter 8 Test

Top Scorers Of Chapter 8 "Principles of accounting Icom Part 1 English Medium Chapter 8 Online Test" MCQ`s Test

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

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