11th class Principles of Accounting chapter 4 online mcq test with answers for I.Com part 1 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

Start Accounting Ch 4 Test

ICOM Part 1 English Medium Subjects

Principles of Accounting

Principles of Economics

Principles of Commerce

ICOM Part 1 Urdu Medium Subjects

Principles of Commerce

Principles of Economics

Principles of Accounting

Top Scorers Of Chapter 4 "Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test" MCQ`s Test

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Wasif Mehmood 03 - Nov - 2023 00 Min 24 Sec 14/15
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Ayan Ahmed 01 - May - 2024 00 Min 58 Sec 14/15
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Subhan Baig 19 - Jul - 2024 02 Min 02 Sec 14/15
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Sania Butt 28 - May - 2024 02 Min 28 Sec 13/15
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mirza asghar 21 - May - 2024 02 Min 22 Sec 12/15
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Fatima Asif 23 - May - 2024 02 Min 31 Sec 12/15
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Abeer 06 - Feb - 2024 03 Min 28 Sec 12/15
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kalsoom 11 - Jan - 2024 17 Min 58 Sec 12/15
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ishrat fatima 07 - Jun - 2024 02 Min 14 Sec 11/15
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Moiz Mirza 26 - Apr - 2024 02 Min 41 Sec 11/15
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Muhammad Irfan 31 - Jan - 2024 02 Min 42 Sec 11/15
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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	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
2	Bank reconciliation statement is prepared by	A. Banker B. Customers Accountant C. Auditor D. Manager
3	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
4	The book in which all cash transactions are primarily recorded is called	A. Cheque Book B. Pass Book C. Cash Book D. Finance Book
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	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	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
8	When saleable goods are bought in a business are called:	A. Sales B. Purchase C. Assets D. Goods
9	In three column cash book, discount column is	A. Totaled B. Balanced C. Carry Forward D. Both a and b
10	All the direct expenses are charged to:	A. Balance sheet B. Profit and loss account C. Trading account D. None of these

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First Year Principles of Accounting Chapter 4 Online MCQ Test for 1st Year Principles of Accounting Chapter 4 (Journal The Original Book of Entry)

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"

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

When boan statement shown a debit total balance it means:

The rules of the debiting the receiving and crediting the giver is applicable to:

Contra Refers to

Book used to record petty expenses and receipts

Petty cash book is a branch of

Unfavourable balance means

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

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

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

The favourable balance of bank statement is

All the direct expenses are charged to:

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

Cash account is concerned with:

The owner of the business is known as:

When saleable goods are bought in a business are called:

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11th Principles of Accounting Chapter 4 Test

Top Scorers Of Chapter 4 "Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test" MCQ`s Test

ICom Part 1 Principles of Accounting Chapter 4 Important MCQ's

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