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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
Bank reconciliation statement is prepared by
Question # 2
A cash account always shows
Question # 3
The most exhaustive cash book is
Question # 4
The owner of the business is known as:
Question # 5
An Entry which is recorded on the both sides of cash book is called
Question # 6
Retiring a bill under rebate means:
Question # 7
When ban column of a cash book shows a debit balance it means:
Question # 8
Credit Balance of pass book must be equal to debit balance of
Question # 9
Bank Reconciliation represents
Question # 10
The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:
Question # 11
In accounting all business transactions are recorded which have:
Question # 12
The rules of the debiting the receiving and crediting the giver is applicable to:
Question # 13
Book used to record petty expenses and receipts
Question # 14
Discount deducted from the catalogue or list price is called:
Question # 15
Our cheque to Babar & Bros, returned dishonoured should be credited 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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M mirza asghar 21 - May - 2024 02 Min 22 Sec 12/15 -
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A Arzoo Qaiser 31 - Jan - 2026 03 Min 11 Sec 11/15
ICom Part 1 Principles of Accounting Chapter 4 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Petty cash book is a branch of |
A. Pass Book
B. Cash Book
C. Journal
D. Ledger
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| 2 | 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
|
| 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
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| 5 | In form journal, the first column represents: |
A. Ledger Folio
B. Data
C. Amount
D. Debit
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| 6 | 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
|
| 7 | The balance of petty cash book is a/an |
A. Asset
B. Liability
C. Expense
D. Income
|
| 8 | The cash book is a |
A. Subsidiary Journal
B. Ledger Account
C. Subsidiary Journal and Ledger
D. Trial Balance
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| 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 excess of gross profit on sale over total operating expenses is called: |
A. Cost of goods sold
B. Gross profit
C. Net profit
D. None-operating income
|
Test Questions