Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
.jpg)
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"
-
Total Questions15
-
Time Allowed20
Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test
00:00
Question # 1
When boan statement shown a debit total balance it means:
Question # 2
The favourable balance of bank statement is
Question # 3
Unfavourable balance means
Question # 4
Discount deducted from the catalogue or list price is called:
Question # 5
Book used to record petty expenses and receipts
Question # 6
Cash account is concerned with:
Question # 7
The most exhaustive cash book is
Question # 8
A cash account always shows
Question # 9
In form journal, the first column represents:
Question # 10
The owner of the business is known as:
Question # 11
The cash book is a
Question # 12
Cheques issued to a creditor but not presented for payment are called
Question # 13
The excess of gross profit on sale over total operating expenses is called:
Question # 14
All the direct expenses are charged to:
Question # 15
The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:
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
-
S Shayan Tanveer 28 - Oct - 2024 08 Min 38 Sec 15/15 -
W Wasif Mehmood 03 - Nov - 2023 00 Min 24 Sec 14/15 -
A Ayan Ahmed 01 - May - 2024 00 Min 58 Sec 14/15 -
S Subhan Baig 19 - Jul - 2024 02 Min 02 Sec 14/15 -
M Maryam Nazar 21 - Apr - 2026 03 Min 34 Sec 14/15 -
F Faizan Bakhsh 06 - Nov - 2023 00 Min 48 Sec 13/15 -
S Sania Butt 28 - May - 2024 02 Min 28 Sec 13/15 -
W Waj Khan 15 - Dec - 2023 03 Min 07 Sec 13/15 -
M mirza asghar 21 - May - 2024 02 Min 22 Sec 12/15 -
F Fatima Asif 23 - May - 2024 02 Min 31 Sec 12/15 -
A Abeer 06 - Feb - 2024 03 Min 28 Sec 12/15 -
K kalsoom 11 - Jan - 2024 17 Min 58 Sec 12/15 -
I ishrat fatima 07 - Jun - 2024 02 Min 14 Sec 11/15 -
M Moiz Mirza 26 - Apr - 2024 02 Min 41 Sec 11/15 -
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 | In three column cash book, discount column is |
A. Totaled
B. Balanced
C. Carry Forward
D. Both a and b
|
| 2 | The balance of petty cash book is a/an |
A. Asset
B. Liability
C. Expense
D. Income
|
| 3 | Discount deducted from the catalogue or list price is called: |
A. Trade discount
B. Cash discount
C. Catalogue discount
D. Credit discount
|
| 4 | Bank reconciliation statement is prepared by |
A. Banker
B. Customers Accountant
C. Auditor
D. Manager
|
| 5 | A cash account always shows |
A. Debit Balance
B. Credit Balance
C. Both a and b
D. Nil Balance
|
| 6 | 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
|
| 7 | The book in which all cash transactions are primarily recorded is called |
A. Cheque Book
B. Pass Book
C. Cash Book
D. Finance Book
|
| 8 | 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
|
| 9 | 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
|
| 10 | The owner of the business is known as: |
A. Sale man
B. Agent
C. Proprietor
D. Employee
|
Test Questions