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

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

Sr. # Questions Answers Choice
1 A double column cash book is used to record Cash transactions only Cash and bank transaction Cash, bank and discount transaction None of these
2 It is used to record only cash receipts and payments Single column cash book Double column cash book Treble column cash book Sales book
3 .The cash book is a Subsidiary journal Ledger account Subsidiary journal and ledger Trial balance
4 Credit purchases are recorded in Purchases book Creditors book Cash book Purchases returns book
5 A cash account always shows Debit balance Credit balance Both debit and credit balance Nil balance
6 All cash purchases and cash sales are recorded in Cash book Purchases book Sales book Purchases and sales book
7 A document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called Receipt voucher Cash voucher payment voucher Cash memo
8 When money is paid to a creditor or supplier a receipt is obtained from him which is called Cash voucher Cash payment Receipt voucher Payment voucher
9 When cash is received from debtor or customer, generally a receipt is issued to the debtor which is called Payment voucher Receipt voucher Cash voucher None of these
10 The book in which all cash transaction are primarily recorded is called Pass book Cheque book Finance book Cash book
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