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"

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  • Total Questions15

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Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test

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Question # 1

In three column cash book, discount column is

Question # 2

The balance of petty cash book is a/an

Question # 3

The cash book is a 

Question # 4

In journalizing the page numbers of the ledgers are written in:

Question # 5

Bank Reconciliation represents

Question # 6

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

Question # 7

The owner of the business is known as:

Question # 8

The book in which all cash transactions are primarily recorded is called

Question # 9

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

Question # 10

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

Question # 11

Book used to record petty expenses and receipts

Question # 12

All the time of endorsement of a bill the drawer credits:

Question # 13

In form journal, the first column represents:

Question # 14

The most exhaustive cash book is

Question # 15

Contra Refers to

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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 Contra Refers to
A. Same Side
B. Parallel Side
C. Opposite Side
D. None of these
2 Which column is prepared in single column cash book?
A. Bank Column
B. Cash Column
C. Discount Column
D. All of the Above
3 Book used to record petty expenses and receipts
A. Single Column Cash Book
B. Petty Cash Book
C. Double Column Cash Book
D. Treble Column Cash Book
4 Our cheque to Babar & Bros, returned dishonoured should be credited to
A. Cheque Account
B. Cash Account
C. Bank Account
D. Babar & Bros A/c
5 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
6 In form journal, the first column represents:
A. Ledger Folio
B. Data
C. Amount
D. Debit
7 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
8 When saleable goods are bought in a business are called:
A. Sales 
B. Purchase
C. Assets
D. Goods
9 In accounting all business transactions are recorded which have:
A. Dual aspect
B. Single aspect
C.  None of the above
D. Economic aspect
10 The favourable balance of bank statement is
A. Credit Balance
B. Debit Balance
C. Zero Balance
D. Both b and c

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