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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
In the preparation of the worksheet the amounts on the trail balance columns are taken directly from
Question # 2
Adjusted ______ is used to prepare the income statement and balance sheet
Question # 3
Work sheet is also used as a source to prepare ______
Question # 4
Expired cost of fixed assets means
Question # 5
The body of worksheet contains
Question # 6
The ______ is not a part of the permanent accounting record
Question # 7
______ is prepared to avoid errors in the permanent records of accounting
Question # 8
Financial statement is prepared from the amount given in
Question # 9
A ______ is a large columnar sheet of paper
Question # 10
______ simplifies work to be done at the end of the period
Question # 11
Usually every ______ entry affect both income statement and balance sheet
Question # 12
One way of avoiding errors in the permanent accounting records is to use a form which is called
Question # 13
Which one of the following is not considered the permanent part of the accounting record?
Question # 14
The excess of credit column over debit column in income statement is called
Question # 15
The amount of assets, liabilities, capital and drawings are extended form adjusted trail balance to the
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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S saleem 05 - Jan - 2018 01 Min 21 Sec 15/15 -
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 -
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 | Expired cost of fixed assets means |
A. Appreciation
B. Amortization
C. Depreciation
D. None of these
|
| 2 | The body of worksheet contains |
A. Two pairs of money column
B. Three pairs of money column
C. Four pairs of money column
D. Five pairs of money column
|
| 3 | The ______ is not a part of the permanent accounting record |
A. worksheet
B. Journal
C. Ledger
D. Trail balance
|
| 4 | Financial statement is prepared from the amount given in |
A. Trail balance columns
B. Adjustments columns
C. Cash columns
D. Adjusted trail balance columns
|
| 5 | 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
|
| 6 | ______ simplifies work to be done at the end of the period |
A. Work sheet
B. Ledger
C. Trail balance
D. Balance sheet
|
| 7 | 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
|
| 8 | Worksheet contains ______ pairs of money columns |
A. Five
B. Four
C. Three
D. Two
|
| 9 | 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
|
| 10 | ______ is prepared to avoid errors in the permanent records of accounting |
A. Work sheet
B. Ledger
C. Bank statement
D. Balance sheet
|
Test Questions
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