12th class Principle of Accounting chapter 2 short question with answers for ICom part 2 Principle of Accounting Chapter 2

Online Short Questions For Chapter 2 "ICOM Part 2 Principles of Accounting Chapter 2 Short Questions Preparation "

Try The Short Questions For ICOM Part 2 Principles of Accounting Chapter 2 Short Questions Preparation

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Principles of Accounting - ICOM Part 2 Principles of Accounting Chapter 2 Short Questions Preparation

Question # 1

What is difference between cash book,receipts and payment account?

  • Ans 1: Cash Book:
    1. It is a book account within double entry system.
    2. Each entry is followed by narration.
    3. Ledger reference recorded here.
  • Ans 2: Receipts and payments accounts:
    1. It is an accounts outside the double entry system.
    2. No narration is written here.
    3. No ledger reference is recorded here.
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Prepare Complete Set Wise Questions For Chapter 2 "ICOM Part 2 Principles of Accounting Chapter 2 Short Questions Preparation "

ICOM Part 2 Principles of Accounting Chapter 2 Short Questions Preparation - Set 1

Question # 1

What is difference between cash book,receipts and payment account?

  • Ans 1: Cash Book:
    1. It is a book account within double entry system.
    2. Each entry is followed by narration.
    3. Ledger reference recorded here.
  • Ans 2: Receipts and payments accounts:
    1. It is an accounts outside the double entry system.
    2. No narration is written here.
    3. No ledger reference is recorded here.
Submit

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Principles of Accounting
2nd Chapter

12th Principles of Accounting Chapter 2 Test

Here you can prepare 12th Class Principles of Accounting Chapter 2 Accounts from Incomplete Records Test. Click the button for 100% free full practice test.

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