Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test With Answers

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Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test

Sr. # Questions Answers Choice
1 The balance of petty cash book is a/an Asset Liability Expense Income
2 Bank Reconciliation represents A Journal A Ledger A Statement both a and c
3 Credit Balance of pass book must be equal to debit balance of Cash Book Bank Ledger Clients other Account None of these
4 Pass book is prepared by Debtor Creditor Banker Customer
5 Cheques issued to a creditor but not presented for payment are called Un Credited Cheques Uncollected Cheques Un Presented Cheques Dishonoured Cheques
6 The favourable balance of bank statement is Credit Balance Debit Balance Zero Balance Both b and c
7 Unfavourable balance means Credit Balance in the Pass Book Credit Balance in the Cash Book Debit Balance in Bank Statement Both b and c
8 Bank reconciliation statement is prepared by Banker Customers Accountant Auditor Manager
9 The book in which all cash transactions are primarily recorded is called Cheque Book Pass Book Cash Book Finance Book
10 Our cheque to Babar & Bros, returned dishonoured should be credited to Cheque Account Cash Account Bank Account Babar & Bros A/c
11 Petty cash book is a branch of Pass Book Cash Book Journal Ledger
12 An Entry which is recorded on the both sides of cash book is called Simple Entry Compound Entry Combined Entry Contra Entry
13 In three column cash book, discount column is Totaled Balanced Carry Forward Both a and b
14 How many columns are drawn on one side of three column cash book ? Five Columns Six Columns Seven Columns Eight Columns
15 Which column is prepared in single column cash book? Bank Column Cash Column Discount Column All of the Above
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