Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
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
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
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
00:00
Question # 1
Bank reconciliation statement is prepared by
Question # 2
Discount deducted from the catalogue or list price is called:
Question # 3
The most exhaustive cash book is
Question # 4
A cash account always shows
Question # 5
When ban column of a cash book shows a debit balance it means:
Question # 6
The excess of gross profit on sale over total operating expenses is called:
Question # 7
Credit Balance of pass book must be equal to debit balance of
Question # 8
The rules of the debiting the receiving and crediting the giver is applicable to:
Question # 9
The owner of the business is known as:
Question # 10
When saleable goods are bought in a business are called:
Question # 11
All the time of endorsement of a bill the drawer credits:
Question # 12
How many columns are drawn on one side of three column cash book ?
Question # 13
The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:
Question # 14
Cash account is concerned with:
Question # 15
Pass book is prepared by
11th Principles of Accounting Chapter 4 Test
Here you can prepare 11th Principles of Accounting English Medium Chapter 4 Journal The Original Book of Entry Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 4 "Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test" MCQ`s Test
-
S Shayan Tanveer 28 - Oct - 2024 08 Min 38 Sec 15/15 -
W Wasif Mehmood 03 - Nov - 2023 00 Min 24 Sec 14/15 -
A Ayan Ahmed 01 - May - 2024 00 Min 58 Sec 14/15 -
S Subhan Baig 19 - Jul - 2024 02 Min 02 Sec 14/15 -
F Faizan Bakhsh 06 - Nov - 2023 00 Min 48 Sec 13/15 -
A Abdullah Zafar 19 - Sep - 2023 02 Min 21 Sec 13/15 -
S Sania Butt 28 - May - 2024 02 Min 28 Sec 13/15 -
W Waj Khan 15 - Dec - 2023 03 Min 07 Sec 13/15 -
M mirza asghar 21 - May - 2024 02 Min 22 Sec 12/15 -
F Fatima Asif 23 - May - 2024 02 Min 31 Sec 12/15 -
A Abeer 06 - Feb - 2024 03 Min 28 Sec 12/15 -
K kalsoom 11 - Jan - 2024 17 Min 58 Sec 12/15 -
I ishrat fatima 07 - Jun - 2024 02 Min 14 Sec 11/15 -
M Moiz Mirza 26 - Apr - 2024 02 Min 41 Sec 11/15 -
M Muhammad Irfan 31 - Jan - 2024 02 Min 42 Sec 11/15
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The favourable balance of bank statement is |
A. Credit Balance
B. Debit Balance
C. Zero Balance
D. Both b and c
|
| 2 | A cash account always shows |
A. Debit Balance
B. Credit Balance
C. Both a and b
D. Nil Balance
|
| 3 | Bank Reconciliation represents |
A. A Journal
B. A Ledger
C. A Statement
D. both a and c
|
| 4 | The book in which all cash transactions are primarily recorded is called |
A. Cheque Book
B. Pass Book
C. Cash Book
D. Finance Book
|
| 5 | Cheques issued to a creditor but not presented for payment are called |
A. Un Credited Cheques
B. Uncollected Cheques
C. Un Presented Cheques
D. Dishonoured Cheques
|
| 6 | 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
|
| 7 | The balance of petty cash book is a/an |
A. Asset
B. Liability
C. Expense
D. Income
|
| 8 | Bank reconciliation statement is prepared by |
A. Banker
B. Customers Accountant
C. Auditor
D. Manager
|
| 9 | When ban column of a cash book shows a debit balance it means: |
A. Overdraft as per bank
B. Unfavourable balance as per cash book
C. Favourable balance as per cash book
D. Favourable balance as per pass book
|
| 10 | When saleable goods are bought in a business are called: |
A. Sales
B. Purchase
C. Assets
D. Goods
|
| 11 | 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
|
| 12 | The cash book is a |
A. Subsidiary Journal
B. Ledger Account
C. Subsidiary Journal and Ledger
D. Trial Balance
|
| 13 | The rules of the debiting the receiving and crediting the giver is applicable to: |
A. Persona account
B. Real account
C. Nominal account
D. Expense account
|
| 14 | Which column is prepared in single column cash book? |
A. Bank Column
B. Cash Column
C. Discount Column
D. All of the Above
|
| 15 | The excess of gross profit on sale over total operating expenses is called: |
A. Cost of goods sold
B. Gross profit
C. Net profit
D. None-operating income
|
Test Questions
