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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
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Question # 1
In the preparation of the worksheet the amounts on the trail balance columns are taken directly from
Question # 2
The excess of credit column over debit column in income statement is called
Question # 3
In the preparation of worksheet the amounts in the trail balance are taken directly form the ______
Question # 4
______ must be prepaid for testing ledger accounts, adjusting entries and financial statement
Question # 5
Financial statement is prepared from the amount given in
Question # 6
Adjusted ______ is used to prepare the income statement and balance sheet
Question # 7
Usually every ______ entry affect both income statement and balance sheet
Question # 8
A sheet which minimizes the chances of errors to the maximum possible extent is called
Question # 9
______ is prepared to avoid errors in the permanent records of accounting
Question # 10
The body of worksheet contains
Question # 11
Worksheet contains ______ pairs of money columns
Question # 12
The amount of assets, liabilities, capital and drawings are extended form adjusted trail balance to the
Question # 13
Worksheet provides complete information for preparing
Question # 14
A ______ is a large columnar sheet of paper
Question # 15
Expired cost of fixed assets means
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.
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| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | ______ must be prepaid for testing ledger accounts, adjusting entries and financial statement |
A. Work sheet
B. Balance sheet
C. Bank statement
D. Trail balance
|
| 3 | Expired cost of fixed assets means |
A. Appreciation
B. Amortization
C. Depreciation
D. None of these
|
| 4 | Adjusted ______ is used to prepare the income statement and balance sheet |
A. Trail balance
B. Ledger
C. Balance sheet
D. Bank statement
|
| 5 | A ______ is a large columnar sheet of paper |
A. Worksheet
B. Balance sheet
C. Journal
D. None of these
|
| 6 | Work sheet is also used as a source to prepare ______ |
A. Financial statement
B. Income statement
C. Position statement
D. Bank reconciliation statement
|
| 7 | One way of avoiding errors in the permanent accounting records is to use a form which is called |
A. Bank statement
B. Trail balance
C. Balance sheet
D. Work sheet
|
Test Questions
