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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
Expired cost of fixed assets means
Question # 2
The amount of assets, liabilities, capital and drawings are extended form adjusted trail balance to the
Question # 3
______ is prepared to avoid errors in the permanent records of accounting
Question # 4
Worksheet contains ______ pairs of money columns
Question # 5
A ______ is a large columnar sheet of paper
Question # 6
In the preparation of the worksheet the amounts on the trail balance columns are taken directly from
Question # 7
______ must be prepaid for testing ledger accounts, adjusting entries and financial statement
Question # 8
Usually every ______ entry affect both income statement and balance sheet
Question # 9
Financial statement is prepared from the amount given in
Question # 10
Adjusting entries affect
Question # 11
Work sheet is also used as a source to prepare ______
Question # 12
One way of avoiding errors in the permanent accounting records is to use a form which is called
Question # 13
A sheet which minimizes the chances of errors to the maximum possible extent is called
Question # 14
______ simplifies work to be done at the end of the period
Question # 15
Which one of the following in used to simplify work, to be done at the end of period
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 | 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 | ______ simplifies work to be done at the end of the period |
A. Work sheet
B. Ledger
C. Trail balance
D. Balance sheet
|
| 3 | Usually every ______ entry affect both income statement and balance sheet |
A. Adjusting
B. Work sheet
C. Balance sheet
D. Ledger
|
| 4 | In the preparation of the worksheet the amounts on the trail balance columns are taken directly from |
A. Journal
B. Ledger
C. Trail balance
D. Transaction
|
| 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 | 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
|
| 7 | Expired cost of fixed assets means |
A. Appreciation
B. Amortization
C. Depreciation
D. None of these
|
| 8 | Which one of the following in used to simplify work, to be done at the end of period |
A. Balance sheet
B. Income sheet
C. Bank statement
D. Work sheet
|
| 9 | Financial statement is prepared from the amount given in |
A. Trail balance columns
B. Adjustments columns
C. Cash columns
D. Adjusted trail balance columns
|
| 10 | Adjusting entries affect |
A. Balance sheet
B. Income statement
C. Work sheet
D. All of them
|
Test Questions
