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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
Discount deducted from the catalogue or list price is called:
Question # 2
A cash account always shows
Question # 3
The cash book is a
Question # 4
The book in which all cash transactions are primarily recorded is called
Question # 5
All the direct expenses are charged to:
Question # 6
The excess of gross profit on sale over total operating expenses is called:
Question # 7
An Entry which is recorded on the both sides of cash book is called
Question # 8
Credit Balance of pass book must be equal to debit balance of
Question # 9
Which column is prepared in single column cash book?
Question # 10
Our cheque to Babar & Bros, returned dishonoured should be credited to
Question # 11
In journalizing the page numbers of the ledgers are written in:
Question # 12
Bank reconciliation statement is prepared by
Question # 13
In form journal, the first column represents:
Question # 14
Cash account is concerned with:
Question # 15
Pass book is prepared by
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 | Which column is prepared in single column cash book? |
A. Bank Column
B. Cash Column
C. Discount Column
D. All of the Above
|
| 2 | 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
|
| 3 | The cash book is a |
A. Subsidiary Journal
B. Ledger Account
C. Subsidiary Journal and Ledger
D. Trial Balance
|
| 4 | 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
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| 5 | 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
|
| 6 | Pass book is prepared by |
A. Debtor
B. Creditor
C. Banker
D. Customer
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| 7 | Petty cash book is a branch of |
A. Pass Book
B. Cash Book
C. Journal
D. Ledger
|
| 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
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| 9 | When saleable goods are bought in a business are called: |
A. Sales
B. Purchase
C. Assets
D. Goods
|
| 10 | All the time of endorsement of a bill the drawer credits: |
A. The drawee account
B. The endorser's personal account
C. Bill receivable account
D. Endorser's account
|
Test Questions
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