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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"
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Total Questions15
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Time Allowed20
Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test
00:00
Question # 1
Discount deducted from the catalogue or list price is called:
Question # 2
An Entry which is recorded on the both sides of cash book is called
Question # 3
The favourable balance of bank statement is
Question # 4
How many columns are drawn on one side of three column cash book ?
Question # 5
Credit Balance of pass book must be equal to debit balance of
Question # 6
All the time of endorsement of a bill the drawer credits:
Question # 7
Cheques issued to a creditor but not presented for payment are called
Question # 8
Contra Refers to
Question # 9
The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:
Question # 10
In three column cash book, discount column is
Question # 11
The excess of gross profit on sale over total operating expenses is called:
Question # 12
The cash book is a
Question # 13
The owner of the business is known as:
Question # 14
When saleable goods are bought in a business are called:
Question # 15
Our cheque to Babar & Bros, returned dishonoured should be credited to
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
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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 -
M Maryam Nazar 21 - Apr - 2026 03 Min 34 Sec 14/15 -
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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 -
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M Muhammad Irfan 31 - Jan - 2024 02 Min 42 Sec 11/15
ICom Part 1 Principles of Accounting Chapter 4 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The cash book is a |
A. Subsidiary Journal
B. Ledger Account
C. Subsidiary Journal and Ledger
D. Trial Balance
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| 2 | 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
|
| 3 | Contra Refers to |
A. Same Side
B. Parallel Side
C. Opposite Side
D. None of these
|
| 4 | Cash account is concerned with: |
A. Real account
B. Personal account
C. Nominal account
D. Capital account
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| 5 | A cash account always shows |
A. Debit Balance
B. Credit Balance
C. Both a and b
D. Nil Balance
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| 6 | Petty cash book is a branch of |
A. Pass Book
B. Cash Book
C. Journal
D. Ledger
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| 7 | 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
|
| 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
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| 9 | Which column is prepared in single column cash book? |
A. Bank Column
B. Cash Column
C. Discount Column
D. All of the Above
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| 10 | Pass book is prepared by |
A. Debtor
B. Creditor
C. Banker
D. Customer
|
Test Questions
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shafia butt
07 Mar 2018hello friends