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"

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

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Question # 1

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

Question # 2

The balance of petty cash book is a/an

Question # 3

How many columns are drawn on one side of three column cash book ?

Question # 4

In form journal, the first column represents:

Question # 5

Which column is prepared in single column cash book?

Question # 6

Unfavourable balance means

Question # 7

The owner of the business is known as:

Question # 8

All the direct expenses are charged to:

Question # 9

Petty cash book is a branch of

Question # 10

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

Question # 11

Discount deducted from the catalogue or list price is called:

Question # 12

Book used to record petty expenses and receipts

Question # 13

Cash account is concerned with:

Question # 14

In accounting all business transactions are recorded which have:

Question # 15

The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:

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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 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
2 In journalizing the page numbers of the ledgers are written in:
A. The first column of journal
B. The second column of journal
C. The third column of journal
D. The fourth column of journal
3 In form journal, the first column represents:
A. Ledger Folio
B. Data
C. Amount
D. Debit
4 A cash account always shows
A. Debit Balance
B. Credit Balance
C. Both a and b
D. Nil Balance
5 Credit Balance of pass book must be equal to debit balance of
A. Cash Book
B. Bank Ledger
C. Clients other Account
D. None of these
6 Petty cash book is a branch of
A. Pass Book
B. Cash Book
C. Journal
D. Ledger
7 Contra Refers to
A. Same Side
B. Parallel Side
C. Opposite Side
D. None of these
8 Pass book is prepared by
A. Debtor
B. Creditor
C. Banker
D. Customer
9 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
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

Test Questions

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  • shafia butt

    shafia butt

    07 Mar 2018

    hello friends

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