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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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"

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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

The money can be deposited into bank by means of

Question # 3

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

Question # 4

Ahmed's cheque endorse to Akbar should be debited to

Question # 5

.The cash book is a

Question # 6

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

Question # 7

The favorable balance of bank statement is

Question # 8

It is used to record only cash receipts and payments

Question # 9

Bank reconciliation statement is prepared by

Question # 10

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 # 11

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

Question # 12

All cash purchases and cash sales are recorded in

Question # 13

A cash account always shows

Question # 14

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

Question # 15

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

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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 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
2 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
3 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
4 .The cash book is a
A. Subsidiary journal
B. Ledger account
C. Subsidiary journal and ledger
D. Trial balance
5 All cash purchases and cash sales are recorded in
A. Cash book
B. Purchases book
C. Sales book
D. Purchases and sales book
6 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
7 Ahmed's cheque endorse to Akbar should be debited to
A. Cash account
B. Cheque account
C. Akbar's account
D. Ahmed account
8 Credit purchases are recorded in
A. Purchases book
B. Creditors book
C. Cash book
D. Purchases returns book
9 The favorable balance of bank statement is
A. Credit balance
B. Debit balance
C. Zero balance
D. All of these
10 A cash account always shows
A. Debit balance
B. Credit balance
C. Both debit and credit balance
D. Nil balance

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