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

Question # 1

Credit purchases are recorded in

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Purchases book

Creditors book

Cash book

Purchases returns book

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Question # 2

All cash purchases and cash sales are recorded in

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Cash book

Purchases book

Sales book

Purchases and sales book

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Question # 3

A double column cash book is used to record

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Cash transactions only

Cash and bank transaction

Cash, bank and discount transaction

None of these

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Question # 4

It is used to record only cash receipts and payments

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Single column cash book

Double column cash book

Treble column cash book

Sales book

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Question # 5

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

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Credited

Debited

Both debited & credited

None of these

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Question # 6

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

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Payment voucher

Receipt voucher

Cash voucher

None of these

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Question # 7

Cash account is a

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Personal account

Nominal account

Real account

Both personal and real account

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Question # 8

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

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Cash voucher

Cash payment

Receipt voucher

Payment voucher

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Question # 9

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

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Simple entry

Compound entry

Combined entry

Contra entry

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Question # 10

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

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Single column cash book

Petty cash book

Double column cash book

Treble column cash book

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Question # 11

The money can be deposited into bank by means of

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Cash book

Cheque book

Pay-in-slip book

Pass book

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