First Year Principles of Accounting Chapter 4 Online MCQ Test for 1st Year Principles of Accounting Chapter 4 (Journal The Original Book of Entry)

This online test contains MCQs about following topics:

. Need and importance if accounting . Journal: 1st phase of accounting cycle . Definition . Characteristics . Narration . Advantages of journal . Simple entry & compound entry

ICOM Part 1 Accounting Ch 4 Test
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MCQ's Test For Chapter 4 "Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test"

Try The MCQ's Test For Chapter 4 "Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test"

  • Total Questions15

  • Time Allowed20

Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test

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Question # 1

Petty cash book is a branch of

Question # 2

An Entry which is recorded on the both sides of cash book is called

Question # 3

All the time of endorsement of a bill the drawer credits:

Question # 4

The balance of petty cash book is a/an

Question # 5

Bank reconciliation statement is prepared by

Question # 6

All the direct expenses are charged to:

Question # 7

Credit Balance of pass book must be equal to debit balance of

Question # 8

In three column cash book, discount column is

Question # 9

In form journal, the first column represents:

Question # 10

The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:

Question # 11

The cash book is a 

Question # 12

The book in which all cash transactions are primarily recorded is called

Question # 13

The rules of the debiting the receiving and crediting the giver is applicable to:

Question # 14

Our cheque to Babar & Bros, returned dishonoured should be credited to

Question # 15

When ban column of a cash book shows a debit balance it means:

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11th Principles of Accounting Chapter 4 Test

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ICom Part 1 Principles of Accounting Chapter 4 Important MCQ's

Sr.# Question Answer
1 Bank reconciliation statement is prepared by
A. Banker
B. Customers Accountant
C. Auditor
D. Manager
2 Retiring a bill under rebate means:
A. Making payment for the bill before the due date
B. Making payment for the bill after the due date
C. Dishonouring bill
D. None of the above
3 The book in which all cash transactions are primarily recorded is called
A. Cheque Book
B. Pass Book
C. Cash Book
D. Finance Book
4 An Entry which is recorded on the both sides of cash book is called
A. Simple Entry
B. Compound Entry
C. Combined Entry
D. Contra Entry
5 In journalizing the page numbers of the ledgers are written in:
A. The first column of journal
B. The second column of journal
C. The third column of journal
D. The fourth column of journal
6 Which column is prepared in single column cash book?
A. Bank Column
B. Cash Column
C. Discount Column
D. All of the Above
7 In accounting all business transactions are recorded which have:
A. Dual aspect
B. Single aspect
C.  None of the above
D. Economic aspect
8 Credit Balance of pass book must be equal to debit balance of
A. Cash Book
B. Bank Ledger
C. Clients other Account
D. None of these
9 The most exhaustive cash book is
A. Petty Cash Book
B. Single Column Cash Book
C. Double Column Cash Book
D. Treble Column Cash Book
10 The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:
A. Receipt voucher
B. Payment voucher
C. Cash voucher
D. Cash memo

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  • shafia butt

    shafia butt

    07 Mar 2018

    hello friends

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