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

  • Medium English
  • Available questions25
  • Chapter Name8
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Principles of accounting Icom Part 1 English Medium Chapter 8 Online Test

  • Total Questions15

  • Time Allowed20

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

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Question # 1

Cash account is a

Question # 2

A cash account always shows

Question # 3

Ahmed's cheque endorse to Akbar should be debited to

Question # 4

All cash purchases and cash sales are recorded in

Question # 5

When money is paid to a creditor or supplier a receipt is obtained from him which is called

Question # 6

A document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called

Question # 7

When cash is received from debtor or customer, generally a receipt is issued to the debtor which is called

Question # 8

The favorable balance of cash book bank column is

Question # 9

When cash is withdrawn from the bank for the personal use of the owner, must be debited to

Question # 10

An entry which is recorded on the both sides of cash book is called

Question # 11

A statement which is used to reconcile the bank balance as per cash book with the balance as per pass book is called

Question # 12

It is used to record cash, bank and discount transactions on debit and credit side

Question # 13

Bank reconciliation statement is prepared by

Question # 14

It is used to record only cash receipts and payments

Question # 15

Unfavorable balances mean

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