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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ICOM Part 1 Urdu Medium Subjects

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Principles of Accounting

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

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

00:00
Question # 1

The most exhaustive cash book is

Question # 2

The balance of petty cash book is a/an

Question # 3

Cheques issued to a creditor but not presented for payment are called

Question # 4

Contra Refers to

Question # 5

All the direct expenses are charged to:

Question # 6

Which column is prepared in single column cash book?

Question # 7

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

Question # 8

The owner of the business is known as:

Question # 9

Pass book is prepared by

Question # 10

The favourable balance of bank statement is

Question # 11

In accounting all business transactions are recorded which have:

Question # 12

The excess of gross profit on sale over total operating expenses is called:

Question # 13

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

Question # 14

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

Question # 15

The cash book is a 

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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 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
2 The balance of petty cash book is a/an
A. Asset
B. Liability
C. Expense
D. Income
3 Cash account is concerned with:
A. Real account
B. Personal account
C. Nominal account
D. Capital account
4 The favourable balance of bank statement is
A. Credit Balance
B. Debit Balance
C. Zero Balance
D. Both b and c
5 All the time of endorsement of a bill the drawer credits:
A. The drawee account
B. The endorser's personal account
C. Bill receivable account
D. Endorser's account
6 When boan statement shown a debit total balance it means:
A. Overdraft  as per cash book
B. Unfavourable balance as per cash book
C. Favourable balance as per cash book
D. Overdraft as per bank statement
7 All the direct expenses are charged to:
A. Balance sheet
B. Profit and loss account
C. Trading account
D. None of these
8 Which column is prepared in single column cash book?
A. Bank Column
B. Cash Column
C. Discount Column
D. All of the Above
9 Bank Reconciliation represents
A. A Journal
B. A Ledger
C. A Statement
D. both a and c
10 Discount deducted from the catalogue or list price is called:
A. Trade discount
B. Cash discount
C. Catalogue discount
D. Credit discount

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