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

  • Medium English
  • Available questions25
  • Chapter Name8
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Principles of accounting Icom Part 1 English Medium Chapter 8 Online Test

  • Total Questions15

  • Time Allowed20

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

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Question # 1

Cash account is a

Question # 2

It is used to record only cash receipts and payments

Question # 3

A double column cash book is used to record

Question # 4

Unfavorable balances mean

Question # 5

A cash account always shows

Question # 6

All cash purchases and cash sales are recorded in

Question # 7

The favorable balance of cash book bank column is

Question # 8

Credit purchases are recorded in

Question # 9

The favorable balance of bank statement is

Question # 10

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

Question # 11

Ahmed's cheque endorse to Akbar should be debited to

Question # 12

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 # 13

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

Question # 14

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

Question # 15

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

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