PUNJAB COLLEGE ALIPUR CHATTHA

Monthly Test- 2023

Intermediate Part-1
Subject: Principles of Accounting Roll No: ----------------------
Time Allowed: 40 Minutes Total Marks: 20
Q1.Choose the correct answer:

1. A cash account always shows:

(a) Debit balance (b) Credit balance (c) Both (d) Nil balance

2. Bank reconciliation statement is prepared by:

(a) Banker (b) Customer (c) Auditor (d) Manager

3. The favorable balance of cash book is:

(a) Debit balance (b) Credit balance (c) Both (d) None

4. Cash account is a :

(a) Personal account (b) Nominal Account (c) real account (d) All the above

Q2.Write the short answers of following questions:

(a) Pay-In-slip (b) Contra Entry

(c) Unpresented Cheques (d) Bank overdraft

Q3. Prepare a Bank Reconciliation Statement with the help of following information as on 31 st December
2022.

1. Balance as per cash book Rs.30 000.

2. Profit on account credited by the bank Rs.1500.
3. Bank paid Rs.5000 as rent on the behalf of account holder.
4. Bank collected dividend on shares Rs.2500.
5. Cheques paid into bank but not collected by the bank Rs.4000.
6. Cheques issued but not presented to the bank for payment Rs.3000.