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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ICOM Part 1 Urdu Medium Subjects

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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"

  • Total Questions15

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

00:00
Question # 1

All cash purchases and cash sales are recorded in

Question # 2

Received a cheque from Bilal Rs. 1900 in ful settlement of his debt Rs. 2000 should be debited to

Question # 3

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

Question # 4

When cash is withdrawn from the bank for the personal use of the owner, must be debited to

Question # 5

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

Question # 6

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

Question # 7

The favorable balance of cash book bank column is

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

Bank reconciliation statement is prepared by

Question # 10

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

Question # 11

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

Question # 12

Unfavorable balances mean

Question # 13

.The cash book is a

Question # 14

The money can be deposited into bank by means of

Question # 15

Credit purchases are recorded in

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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 money can be deposited into bank by means of
A. Cash book
B. Cheque book
C. Pay-in-slip book
D. Pass book
2 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
3 .The cash book is a
A. Subsidiary journal
B. Ledger account
C. Subsidiary journal and ledger
D. Trial balance
4 Our cheque to Ali & Bros, returned dishonored should be credited to
A. Cheque account
B. Cash account
C. Bank account
D. Ali & Bros account
5 It is used to record cash, bank and discount transactions on debit and credit side
A. Single column cash book
B. Petty cash book
C. Double column cash book
D. Treble column cash book
6 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
7 A double column cash book is used to record
A. Cash transactions only
B. Cash and bank transaction
C. Cash, bank and discount transaction
D. None of these
8 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
9 Credit purchases are recorded in
A. Purchases book
B. Creditors book
C. Cash book
D. Purchases returns book
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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