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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
Book used to record petty expenses and receipts
Question # 2
How many columns are drawn on one side of three column cash book ?
Question # 3
Cash account is concerned with:
Question # 4
An Entry which is recorded on the both sides of cash book is called
Question # 5
Bank Reconciliation represents
Question # 6
Credit Balance of pass book must be equal to debit balance of
Question # 7
When saleable goods are bought in a business are called:
Question # 8
When boan statement shown a debit total balance it means:
Question # 9
A cash account always shows
Question # 10
All the direct expenses are charged to:
Question # 11
In three column cash book, discount column is
Question # 12
Unfavourable balance means
Question # 13
All the time of endorsement of a bill the drawer credits:
Question # 14
The favourable balance of bank statement is
Question # 15
The cash book is a
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 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
|
| 2 | Pass book is prepared by |
A. Debtor
B. Creditor
C. Banker
D. Customer
|
| 3 | A cash account always shows |
A. Debit Balance
B. Credit Balance
C. Both a and b
D. Nil Balance
|
| 4 | The balance of petty cash book is a/an |
A. Asset
B. Liability
C. Expense
D. Income
|
| 5 | Retiring a bill under rebate means: |
A. Making payment for the bill before the due date
B. Making payment for the bill after the due date
C. Dishonouring bill
D. None of the above
|
| 6 | The cash book is a |
A. Subsidiary Journal
B. Ledger Account
C. Subsidiary Journal and Ledger
D. Trial Balance
|
| 7 | Petty cash book is a branch of |
A. Pass Book
B. Cash Book
C. Journal
D. Ledger
|
| 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 | Discount deducted from the catalogue or list price is called: |
A. Trade discount
B. Cash discount
C. Catalogue discount
D. Credit discount
|
| 10 | How many columns are drawn on one side of three column cash book ? |
A. Five Columns
B. Six Columns
C. Seven Columns
D. Eight Columns
|
Test Questions
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07 Mar 2018hello friends