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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
Retiring a bill under rebate means:
Question # 2
The excess of gross profit on sale over total operating expenses is called:
Question # 3
The most exhaustive cash book is
Question # 4
When boan statement shown a debit total balance it means:
Question # 5
Book used to record petty expenses and receipts
Question # 6
The book in which all cash transactions are primarily recorded is called
Question # 7
All the time of endorsement of a bill the drawer credits:
Question # 8
How many columns are drawn on one side of three column cash book ?
Question # 9
The balance of petty cash book is a/an
Question # 10
The owner of the business is known as:
Question # 11
Bank Reconciliation represents
Question # 12
Unfavourable balance means
Question # 13
Petty cash book is a branch of
Question # 14
In form journal, the first column represents:
Question # 15
The rules of the debiting the receiving and crediting the giver is applicable 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.
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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W Waj Khan 15 - Dec - 2023 03 Min 07 Sec 13/15 -
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F Fatima Asif 23 - May - 2024 02 Min 31 Sec 12/15 -
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M Muhammad Irfan 31 - Jan - 2024 02 Min 42 Sec 11/15
ICom Part 1 Principles of Accounting Chapter 4 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | The favourable balance of bank statement is |
A. Credit Balance
B. Debit Balance
C. Zero Balance
D. Both b and c
|
| 3 | The book in which all cash transactions are primarily recorded is called |
A. Cheque Book
B. Pass Book
C. Cash Book
D. Finance Book
|
| 4 | Cash account is concerned with: |
A. Real account
B. Personal account
C. Nominal account
D. Capital account
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| 5 | 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
|
| 6 | The owner of the business is known as: |
A. Sale man
B. Agent
C. Proprietor
D. Employee
|
| 7 | Bank reconciliation statement is prepared by |
A. Banker
B. Customers Accountant
C. Auditor
D. Manager
|
| 8 | Unfavourable balance means |
A. Credit Balance in the Pass Book
B. Credit Balance in the Cash Book
C. Debit Balance in Bank Statement
D. Both b and c
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| 9 | When saleable goods are bought in a business are called: |
A. Sales
B. Purchase
C. Assets
D. Goods
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| 10 | 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
|
Test Questions
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