11th class Principles of Accounting chapter 4 online mcq test with answers for I.Com part 1 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

Start Accounting Ch 4 Test

ICOM Part 1 English Medium Subjects

Principles of Accounting

Principles of Economics

Principles of Commerce

ICOM Part 1 Urdu Medium Subjects

Principles of Commerce

Principles of Economics

Principles of Accounting

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

Sr.#	Question	Answer
1	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
2	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
3	A cash account always shows	A. Debit Balance B. Credit Balance C. Both a and b D. Nil Balance
4	In form journal, the first column represents:	A. Ledger Folio B. Data C. Amount D. Debit
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	Our cheque to Babar & Bros, returned dishonoured should be credited to	A. Cheque Account B. Cash Account C. Bank Account D. Babar & Bros A/c
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	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
9	Which column is prepared in single column cash book?	A. Bank Column B. Cash Column C. Discount Column D. All of the Above
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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First Year Principles of Accounting Chapter 4 Online MCQ Test for 1st Year Principles of Accounting Chapter 4 (Journal The Original Book of Entry)

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"

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

How many columns are drawn on one side of three column cash book ?

The cash book is a

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

When boan statement shown a debit total balance it means:

Discount deducted from the catalogue or list price is called:

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

In form journal, the first column represents:

In accounting all business transactions are recorded which have:

In journalizing the page numbers of the ledgers are written in:

Retiring a bill under rebate means:

Cash account is concerned with:

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

All the direct expenses are charged to:

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

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

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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

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