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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
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Question # 1
All the time of endorsement of a bill the drawer credits:
Question # 2
Which column is prepared in single column cash book?
Question # 3
Cash account is concerned with:
Question # 4
In form journal, the first column represents:
Question # 5
In journalizing the page numbers of the ledgers are written in:
Question # 6
Bank reconciliation statement is prepared by
Question # 7
Contra Refers to
Question # 8
In accounting all business transactions are recorded which have:
Question # 9
All the direct expenses are charged to:
Question # 10
A cash account always shows
Question # 11
When saleable goods are bought in a business are called:
Question # 12
The balance of petty cash book is a/an
Question # 13
Unfavourable balance means
Question # 14
The excess of gross profit on sale over total operating expenses is 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.
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ICom Part 1 Principles of Accounting Chapter 4 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | 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
|
| 3 | All the direct expenses are charged to: |
A. Balance sheet
B. Profit and loss account
C. Trading account
D. None of these
|
| 4 | In form journal, the first column represents: |
A. Ledger Folio
B. Data
C. Amount
D. Debit
|
| 5 | The favourable balance of bank statement is |
A. Credit Balance
B. Debit Balance
C. Zero Balance
D. Both b and c
|
| 6 | 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
|
| 7 | 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
|
| 8 | The book in which all cash transactions are primarily recorded is called |
A. Cheque Book
B. Pass Book
C. Cash Book
D. Finance Book
|
| 9 | The balance of petty cash book is a/an |
A. Asset
B. Liability
C. Expense
D. Income
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| 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
|
Test Questions
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07 Mar 2018hello friends