11th Principles of Accounting Chapter 7 Test

Here you can prepare 11th Principles of Accounting English Medium Chapter 7 Special Journals Test. Click the button for 100% free full practice test.

First Year Principles of Accounting Chapter 7 Online MCQ Test for 1st Year Principles of Accounting Chapter 7 (Special Journals)

This online test contains MCQs about following topics:

. Subdivision of journal . How the transactions are entered in special journal and posted to the ledger? . Documents for sales and purchases-The invoice . Purchases journal . Distinction between purchases journal and purchases account . Sales journal (Book) . Purchases returns or returns outward journal . Rules for posting the purchases returns journal . Sales returns journal (Book)

ICOM Part 1 Accounting Ch 7 Test
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First Year Principles of Accounting Chapter 7 Online MCQ Test for 1st Year Principles of Accounting Chapter 7 (Special Journals)

Sr. # Questions Answers Choice
1 The periodical total of purchases book is posted to the
  • A. Debit of purchases account
  • B. Credit of purchases account
  • C. Credit of cash account
  • D. Debit of sales account
2 When the goods are returned to the suppliers, an intimation is sent to them is called
  • A. Currency note
  • B. Invoice
  • C. Debit note
  • D. Credit note
3 The book which is used to record all goods returned by us to our supplier is called
  • A. Returns inwards book
  • B. Purchases book
  • C. Return outwards book
  • D. Sales book
4 Which book is used to record all cash receipts and cash payments?
  • A. Sale book
  • B. Purchase book
  • C. Cash book
  • D. Petty cash book
5 The periodical total of purchases returns book is posted to
  • A. Debit of returns outwards account
  • B. Credit of returns inwards account
  • C. Debit of returns inwards accounts
  • D. Credit of returns outwards account
6 Subsidiary books are called books of
  • A. Original entry
  • B. Secondary entry
  • C. Final entry
  • D. Basic entry
7 A document is sent to customer when he returns the goods is called
  • A. Promissory note
  • B. Debit note
  • C. Currency note
  • D. Credit note
8 Both cash purchases as well as credit purchases are recorded in
  • A. Cash book
  • B. Purchase book
  • C. Purchases account
  • D. None of these
9 All the transactions related to credit sales are recorded in
  • A. Sales returns book
  • B. Sales book
  • C. Cash book
  • D. Credit note book
10 Which book is used to record all credit purchases?
  • A. Purchases book
  • B. Purchases book return
  • C. Cash book
  • D. Debit note book

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