11th class Principles of Accounting chapter 8 online mcq test with answers for I.Com part 1 Principles of Accounting chapter 8(Cash Book and Bank Reconciliation Statement)

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

Sr. #	Questions	Answers Choice
1	Unfavorable balances mean	Credit balance in the pass book Credit balance in the cash book Debit balance in bank statement Both b & c
2	The favorable balance of bank statement is	Credit balance Debit balance Zero balance All of these
3	The favorable balance of cash book bank column is	Credit balance Debit balance Both debit and credit balance None of these
4	Bank reconciliation statement is prepared by	Banker Customer's accountant Auditors Manager
5	A statement which is used to reconcile the bank balance as per cash book with the balance as per pass book is called	Bank statement Income statement Bank reconciliation statement Financial statements
6	Cash account is a	Personal account Nominal account Real account Both personal and real account
7	paid to Nadeem cash Rs. 5000 and a cheque for Rs. 4800 in full settlement of his dued Rs. 10000 should be credited to	Cash account Bank account Discount received account All of these
8	Received a cheque from Bilal Rs. 1900 in ful settlement of his debt Rs. 2000 should be debited to	Cash account Discount allowed account Bank account Both a & b
9	Ahmed's cheque endorse to Akbar should be debited to	Cash account Cheque account Akbar's account Ahmed account
10	Our cheque to Ali & Bros, returned dishonored should be credited to	Cheque account Cash account Bank account Ali & Bros account
11	When cash is withdrawn from the bank for the personal use of the owner, must be debited to	Cash account Bank account Drawings account Capital account
12	When cheque received, and deposited into bank, bank account must be	Credited Debited Both debited & credited None of these
13	The money can be deposited into bank by means of	Cash book Cheque book Pay-in-slip book Pass book
14	An entry which is recorded on the both sides of cash book is called	Simple entry Compound entry Combined entry Contra entry
15	It is used to record cash, bank and discount transactions on debit and credit side	Single column cash book Petty cash book Double column cash book Treble column cash book

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