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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
Petty cash book is a branch of
Question # 2
Unfavourable balance means
Question # 3
The excess of gross profit on sale over total operating expenses is called:
Question # 4
The most exhaustive cash book is
Question # 5
Our cheque to Babar & Bros, returned dishonoured should be credited to
Question # 6
Retiring a bill under rebate means:
Question # 7
In journalizing the page numbers of the ledgers are written in:
Question # 8
When ban column of a cash book shows a debit balance it means:
Question # 9
The balance of petty cash book is a/an
Question # 10
Cheques issued to a creditor but not presented for payment are called
Question # 11
Contra Refers to
Question # 12
How many columns are drawn on one side of three column cash book ?
Question # 13
The favourable balance of bank statement is
Question # 14
Which column is prepared in single column cash book?
Question # 15
All the time of endorsement of a bill the drawer credits:
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.
Top Scorers Of Chapter 4 "Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test" MCQ`s Test
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W Wasif Mehmood 03 - Nov - 2023 00 Min 24 Sec 14/15 -
A Ayan Ahmed 01 - May - 2024 00 Min 58 Sec 14/15 -
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M Muhammad Irfan 31 - Jan - 2024 02 Min 42 Sec 11/15
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The most exhaustive cash book is |
A. Petty Cash Book
B. Single Column Cash Book
C. Double Column Cash Book
D. Treble Column Cash Book
|
| 2 | 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
|
| 3 | 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
|
| 4 | Bank reconciliation statement is prepared by |
A. Banker
B. Customers Accountant
C. Auditor
D. Manager
|
| 5 | 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
|
| 6 | The book in which all cash transactions are primarily recorded is called |
A. Cheque Book
B. Pass Book
C. Cash Book
D. Finance Book
|
| 7 | The balance of petty cash book is a/an |
A. Asset
B. Liability
C. Expense
D. Income
|
| 8 | Bank Reconciliation represents |
A. A Journal
B. A Ledger
C. A Statement
D. both a and c
|
| 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
|
| 11 | 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
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| 12 | Petty cash book is a branch of |
A. Pass Book
B. Cash Book
C. Journal
D. Ledger
|
| 13 | In accounting all business transactions are recorded which have: |
A. Dual aspect
B. Single aspect
C. None of the above
D. Economic aspect
|
| 14 | Cash account is concerned with: |
A. Real account
B. Personal account
C. Nominal account
D. Capital account
|
| 15 | In three column cash book, discount column is |
A. Totaled
B. Balanced
C. Carry Forward
D. Both a and b
|
Test Questions
