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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
Usually every ______ entry affect both income statement and balance sheet
Question # 2
A sheet which minimizes the chances of errors to the maximum possible extent is called
Question # 3
Worksheet provides complete information for preparing
Question # 4
The body of worksheet contains
Question # 5
Work sheet is also used as a source to prepare ______
Question # 6
In the preparation of the worksheet the amounts on the trail balance columns are taken directly from
Question # 7
Which one of the following in used to simplify work, to be done at the end of period
Question # 8
______ is prepared to avoid errors in the permanent records of accounting
Question # 9
______ simplifies work to be done at the end of the period
Question # 10
The excess of credit column over debit column in income statement is called
Question # 11
Which one of the following is not considered the permanent part of the accounting record?
Question # 12
Financial statement is prepared from the amount given in
Question # 13
A ______ is a large columnar sheet of paper
Question # 14
One way of avoiding errors in the permanent accounting records is to use a form which is called
Question # 15
Adjusting entries affect
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 -
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A Abdullah Zafar 22 - Sep - 2023 01 Min 44 Sec 13/15 -
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M Muhammad kashif shakoor 19 - Jun - 2024 02 Min 35 Sec 13/15 -
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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 | Adjusting entries affect |
A. Balance sheet
B. Income statement
C. Work sheet
D. All of them
|
| 2 | Usually every ______ entry affect both income statement and balance sheet |
A. Adjusting
B. Work sheet
C. Balance sheet
D. Ledger
|
| 3 | Worksheet provides complete information for preparing |
A. Income statement
B. Position statement
C. Financial statement
D. Bank reconciliation statement
|
| 4 | 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
|
| 5 | 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
|
| 6 | Adjusted ______ is used to prepare the income statement and balance sheet |
A. Trail balance
B. Ledger
C. Balance sheet
D. Bank statement
|
| 7 | 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
|
| 8 | 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
|
| 9 | A ______ is a large columnar sheet of paper |
A. Worksheet
B. Balance sheet
C. Journal
D. None of these
|
| 10 | 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
|
Test Questions
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