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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
A cash account always shows
Question # 2
In journalizing the page numbers of the ledgers are written in:
Question # 3
Book used to record petty expenses and receipts
Question # 4
Our cheque to Babar & Bros, returned dishonoured should be credited to
Question # 5
All the direct expenses are charged to:
Question # 6
The owner of the business is known as:
Question # 7
The balance of petty cash book is a/an
Question # 8
The excess of gross profit on sale over total operating expenses is called:
Question # 9
Cheques issued to a creditor but not presented for payment are called
Question # 10
Credit Balance of pass book must be equal to debit balance of
Question # 11
In accounting all business transactions are recorded which have:
Question # 12
Pass book is prepared by
Question # 13
The rules of the debiting the receiving and crediting the giver is applicable to:
Question # 14
Discount deducted from the catalogue or list price is called:
Question # 15
An Entry which is recorded on the both sides of cash book is called
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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S Shayan Tanveer 28 - Oct - 2024 08 Min 38 Sec 15/15 -
W Wasif Mehmood 03 - Nov - 2023 00 Min 24 Sec 14/15 -
A Ayan Ahmed 01 - May - 2024 00 Min 58 Sec 14/15 -
S Subhan Baig 19 - Jul - 2024 02 Min 02 Sec 14/15 -
M Maryam Nazar 21 - Apr - 2026 03 Min 34 Sec 14/15 -
F Faizan Bakhsh 06 - Nov - 2023 00 Min 48 Sec 13/15 -
S Sania Butt 28 - May - 2024 02 Min 28 Sec 13/15 -
W Waj Khan 15 - Dec - 2023 03 Min 07 Sec 13/15 -
M mirza asghar 21 - May - 2024 02 Min 22 Sec 12/15 -
F Fatima Asif 23 - May - 2024 02 Min 31 Sec 12/15 -
A Abeer 06 - Feb - 2024 03 Min 28 Sec 12/15 -
K kalsoom 11 - Jan - 2024 17 Min 58 Sec 12/15 -
I ishrat fatima 07 - Jun - 2024 02 Min 14 Sec 11/15 -
M Moiz Mirza 26 - Apr - 2024 02 Min 41 Sec 11/15 -
M Muhammad Irfan 31 - Jan - 2024 02 Min 42 Sec 11/15
ICom Part 1 Principles of Accounting Chapter 4 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | In three column cash book, discount column is |
A. Totaled
B. Balanced
C. Carry Forward
D. Both a and b
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| 2 | An Entry which is recorded on the both sides of cash book is called |
A. Simple Entry
B. Compound Entry
C. Combined Entry
D. Contra Entry
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| 3 | 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
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| 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 | In accounting all business transactions are recorded which have: |
A. Dual aspect
B. Single aspect
C. None of the above
D. Economic aspect
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| 6 | When saleable goods are bought in a business are called: |
A. Sales
B. Purchase
C. Assets
D. Goods
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| 7 | 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
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| 8 | Cash account is concerned with: |
A. Real account
B. Personal account
C. Nominal account
D. Capital account
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| 9 | 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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| 10 | The favourable balance of bank statement is |
A. Credit Balance
B. Debit Balance
C. Zero Balance
D. Both b and c
|
Test Questions