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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 A cash account always shows
  • A. Debit balance
  • B. Credit balance
  • C. Both debit and credit balance
  • D. Nil balance
2 .The cash book is a
  • A. Subsidiary journal
  • B. Ledger account
  • C. Subsidiary journal and ledger
  • D. Trial balance
3 The money can be deposited into bank by means of
  • A. Cash book
  • B. Cheque book
  • C. Pay-in-slip book
  • D. Pass book
4 Credit purchases are recorded in
  • A. Purchases book
  • B. Creditors book
  • C. Cash book
  • D. Purchases returns book
5 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
6 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
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 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
9 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
10 All cash purchases and cash sales are recorded in
  • A. Cash book
  • B. Purchases book
  • C. Sales book
  • D. Purchases and sales book

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

M

Mani Noul

Lahore21 - Mar - 2024

8/15
02 Mins 18 Sec

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