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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
How many columns are drawn on one side of three column cash book ?
Question # 2
An Entry which is recorded on the both sides of cash book is called
Question # 3
Petty cash book is a branch of
Question # 4
In journalizing the page numbers of the ledgers are written in:
Question # 5
Bank reconciliation statement is prepared by
Question # 6
A cash account always shows
Question # 7
Cheques issued to a creditor but not presented for payment are called
Question # 8
Cash account is concerned with:
Question # 9
The favourable balance of bank statement is
Question # 10
The excess of gross profit on sale over total operating expenses is called:
Question # 11
Retiring a bill under rebate means:
Question # 12
Unfavourable balance means
Question # 13
Pass book is prepared by
Question # 14
The cash book is a
Question # 15
Contra Refers 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.
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ICom Part 1 Principles of Accounting Chapter 4 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | 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
|
| 3 | A cash account always shows |
A. Debit Balance
B. Credit Balance
C. Both a and b
D. Nil Balance
|
| 4 | 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
|
| 5 | In accounting all business transactions are recorded which have: |
A. Dual aspect
B. Single aspect
C. None of the above
D. Economic aspect
|
| 6 | 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
|
| 7 | Discount deducted from the catalogue or list price is called: |
A. Trade discount
B. Cash discount
C. Catalogue discount
D. Credit discount
|
| 8 | 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
|
| 9 | Bank reconciliation statement is prepared by |
A. Banker
B. Customers Accountant
C. Auditor
D. Manager
|
| 10 | Bank Reconciliation represents |
A. A Journal
B. A Ledger
C. A Statement
D. both a and c
|
Test Questions
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07 Mar 2018hello friends