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This online test contains MCQs about following topics:
. What is work sheet . Method of preparing work sheet
ICOM Part 1 Accounting Ch 11 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 11 "Principles of accounting Icom Part 1 English Medium Chapter 11 Online Test"
Try The MCQ's Test For Chapter 11 "Principles of accounting Icom Part 1 English Medium Chapter 11 Online Test"
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Total Questions15
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Time Allowed20
Principles of accounting Icom Part 1 English Medium Chapter 11 Online Test
00:00
Question # 1
A ______ is a large columnar sheet of paper
Question # 2
Which one of the following is not considered the permanent part of the accounting record?
Question # 3
In the preparation of worksheet the amounts in the trail balance are taken directly form the ______
Question # 4
______ simplifies work to be done at the end of the period
Question # 5
One way of avoiding errors in the permanent accounting records is to use a form which is called
Question # 6
The ______ is not a part of the permanent accounting record
Question # 7
Adjusted ______ is used to prepare the income statement and balance sheet
Question # 8
The excess of credit column over debit column in income statement is called
Question # 9
Financial statement is prepared from the amount given in
Question # 10
Expired cost of fixed assets means
Question # 11
Worksheet contains ______ pairs of money columns
Question # 12
Worksheet provides complete information for preparing
Question # 13
The amount of assets, liabilities, capital and drawings are extended form adjusted trail balance to the
Question # 14
Adjusting entries affect
Question # 15
Work sheet is also used as a source to prepare ______
11th Principles of Accounting Chapter 11 Test
Here you can prepare 11th Principles of Accounting English Medium Chapter 11 Work Sheet Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 11 "Principles of accounting Icom Part 1 English Medium Chapter 11 Online Test" MCQ`s Test
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A Abdulah Iftikhar 10 - Nov - 2022 03 Min 31 Sec 15/15 -
H hamza abid 18 - Aug - 2021 10 Min 50 Sec 15/15 -
S Saba 29 - Jun - 2021 13 Min 35 Sec 15/15 -
R Rafaqat ali 23 - Jun - 2021 02 Min 01 Sec 14/15 -
Z zahid iqbal 20 - Oct - 2018 19 Min 25 Sec 14/15 -
A Ayan Ahmed 04 - May - 2024 01 Min 26 Sec 13/15 -
A Abdullah Zafar 22 - Sep - 2023 01 Min 44 Sec 13/15 -
A Arzoo Qaiser 31 - Jan - 2026 01 Min 48 Sec 13/15 -
S Sohera Aslam 18 - Aug - 2023 01 Min 50 Sec 13/15 -
N Niaz 17 - Sep - 2022 01 Min 59 Sec 13/15 -
M Muhammad kashif shakoor 19 - Jun - 2024 02 Min 35 Sec 13/15 -
R Rabia Javaid 11 - Mar - 2023 04 Min 31 Sec 13/15 -
J jiakhan 26 - Apr - 2018 01 Min 48 Sec 12/15 -
T twinkle leo 24 - Nov - 2024 03 Min 47 Sec 12/15 -
M muhammad sohail 01 - Apr - 2018 07 Min 03 Sec 12/15
ICom Part 1 Principles of Accounting Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Which one of the following is not considered the permanent part of the accounting record? |
A. Journal
B. Trail balance
C. Ledger
D. Work sheet
|
| 2 | Adjusted ______ is used to prepare the income statement and balance sheet |
A. Trail balance
B. Ledger
C. Balance sheet
D. Bank statement
|
| 3 | The excess of credit column over debit column in income statement is called |
A. Net loss
B. Net profit
C. Cash balance
D. Gross profit
|
| 4 | ______ must be prepaid for testing ledger accounts, adjusting entries and financial statement |
A. Work sheet
B. Balance sheet
C. Bank statement
D. Trail balance
|
| 5 | The amount of assets, liabilities, capital and drawings are extended form adjusted trail balance to the |
A. Balance sheet columns
B. Income statement columns
C. Cash columns
D. Bank columns
|
| 6 | In the preparation of worksheet the amounts in the trail balance are taken directly form the ______ |
A. Ledger
B. Trail balance
C. Balance sheet
D. None of these
|
| 7 | Worksheet contains ______ pairs of money columns |
A. Five
B. Four
C. Three
D. Two
|
| 8 | A ______ is a large columnar sheet of paper |
A. Worksheet
B. Balance sheet
C. Journal
D. None of these
|
| 9 | A sheet which minimizes the chances of errors to the maximum possible extent is called |
A. Balance sheet
B. Work sheet
C. Paper sheet
D. Income statement
|
| 10 | Usually every ______ entry affect both income statement and balance sheet |
A. Adjusting
B. Work sheet
C. Balance sheet
D. Ledger
|
Test Questions