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.

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

Sr. # Questions Answers Choice
1 When cash is withdrawn from the bank for the personal use of the owner, must be debited to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
2 An entry which is recorded on the both sides of cash book is called
  • A. Simple entry
  • B. Compound entry
  • C. Combined entry
  • D. Contra entry
3 paid to Nadeem cash Rs. 5000 and a cheque for Rs. 4800 in full settlement of his dued Rs. 10000 should be credited to
  • A. Cash account
  • B. Bank account
  • C. Discount received account
  • D. All of these
4 When cheque received, and deposited into bank, bank account must be
  • A. Credited
  • B. Debited
  • C. Both debited & credited
  • D. None of these
5 Our cheque to Ali & Bros, returned dishonored should be credited to
  • A. Cheque account
  • B. Cash account
  • C. Bank account
  • D. Ali & Bros account
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 A cash account always shows
  • A. Debit balance
  • B. Credit balance
  • C. Both debit and credit balance
  • D. Nil balance
8 .The cash book is a
  • A. Subsidiary journal
  • B. Ledger account
  • C. Subsidiary journal and ledger
  • D. Trial balance
9 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
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

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

A

Ali Imtiaz

Lahore25 - Apr - 2025

8/15
03 Mins 19 Sec

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