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01	Financial Accounting ICOM Mcqs Chapter 01	02	Financial Accounting ICOM Mcqs Chapter 02
03	Financial Accounting ICOM Mcqs Chapter 03	04	Financial Accounting ICOM Mcqs Chapter 04
05	Financial Accounting ICOM Chapter 05	06	Financial Accounting ICOM Chapter 06
07	Financial Accounting ICOM Mcqs Chapter 07	08	Financial Accounting ICOM Mcqs Chapter 08
09	Financial Accounting ICOM Mcqs Chapter 09	10	Financial Accounting ICOM Mcqs Chapter 10
11	Financial Accounting ICOM Mcqs Chapter 11	12	Financial Accounting ICOM Mcqs Chapter 12
13	Financial Accounting ICOM Mcqs Chapter 13	14	Financial Accounting ICOM Mcqs Chapter 14
15	Financial Accounting ICOM Mcqs Chapter 15	16	Financial Accounting ICOM Mcqs Chapter 16

Chapter – 7

Special journal

Encircle the most appropriate correct answer from the following options:

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1.Subsidiary books are called books of

1. Original entry
2. Secondary entry
3. Final entry
4. Basic entry

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2.Which book is used to record all cash receipts and cash payments?

1. Sale book
2. Cash book
3. Purchase book
4. Petty cash book

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3.Which book is used to record all credit purchases?

1. Purchases book
2. Cash book
3. Purchase returns book
4. Debit note book

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4.All the transactions related to credit sales are recorded in:

1. Sales returns book
2. Sales book
3. Credit note book
4. Cash book

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5.The book which is used to record all goods returned by us to our supplier is called:

1. Purchases book
2. Returns inwards book.
3. Return outwards book
4. Sales book

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6.The book which is used to record all goods returned to us by our customer is

1. Returns outwards book
2. Returns inwards book
3. Cash book
4. Sales book

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7.All the acceptances received from the debtors are recorded in:

1. Bills Payable book
2. Cash book
3. Bills receivable book
4. Debtor’s Book

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8.All the bills given to the creditors are recorded in.

1. Bill payable book
2. Bank Book.
3. Creditor’s book
4. Bill receivable book

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9.Bill Receivable Book represents:

1. Ledger
2. Trial Balance
3. Journal
4. All of the above

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10. A book which is used to record small expenses is called:

1. Expenses book
2. Petty cash book
3. Cash book
4. Purchase book

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11.When the goods are returned to the suppliers, an intimation is sent to them is called:

1. Currency note
2. Debit note
3. Invoice
4. Credit note

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12. A document is sent to customer when he returns the goods is called:

1. Promissory note
2. Currency note
3. Debit note
4. Credit note

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13. The cash book is a book of:

1. Compound entry
2. Original entry
3. Final entry
4. Simple entry

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14.The periodica! total of purchases book is posted to the:

1. Debit of purchases account
2. Credit of Cash account
3. Credit of purchases account
4. Debit of Sales account

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15.Both cash purchases as well as credit purchases are recorded in:

1. Cash book
2. Purchases account
3. Purchase book
4. None of these

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16.Sales returns book periodical total is posted to:

1. Debit of returns inwards account
2. Credit of returns inwards account
3. Debit of returns outwards account
4. Credit of returns outwards account

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17.The periodical total of purchases returns book is posted to:

1. Debit of returns outwards account
2. Credit of returns inwards account
3. Debit of returns inwards account
4. Credit of returns outwards account

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18.A document given by the seller to the buyer for credit sale of goods or assets is called.

1. Invoice
2. Cash memo
3. None of these
4. Voucher

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