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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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

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Question # 1

When boan statement shown a debit total balance it means:

Question # 2

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

Question # 3

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

Question # 4

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

Question # 5

Our cheque to Babar & Bros, returned dishonoured should be credited to

Question # 6

Discount deducted from the catalogue or list price is called:

Question # 7

Cash account is concerned with:

Question # 8

The balance of petty cash book is a/an

Question # 9

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

Question # 10

Bank reconciliation statement is prepared by

Question # 11

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

Question # 12

Contra Refers to

Question # 13

Pass book is prepared by

Question # 14

The cash book is a 

Question # 15

An Entry which is recorded on the both sides of cash book is called

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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 In accounting all business transactions are recorded which have:
A. Dual aspect
B. Single aspect
C.  None of the above
D. Economic aspect
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 Cash account is concerned with:
A. Real account
B. Personal account
C. Nominal account
D. Capital account
4 The book in which all cash transactions are primarily recorded is called
A. Cheque Book
B. Pass Book
C. Cash Book
D. Finance Book
5 In form journal, the first column represents:
A. Ledger Folio
B. Data
C. Amount
D. Debit
6 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
7 All the direct expenses are charged to:
A. Balance sheet
B. Profit and loss account
C. Trading account
D. None of these
8 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
9 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
10 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

Test Questions

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  • shafia butt

    shafia butt

    07 Mar 2018

    hello friends

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