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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
The most exhaustive cash book is
Question # 2
The owner of the business is known as:
Question # 3
Book used to record petty expenses and receipts
Question # 4
Bank reconciliation statement is prepared by
Question # 5
The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:
Question # 6
In accounting all business transactions are recorded which have:
Question # 7
Discount deducted from the catalogue or list price is called:
Question # 8
All the direct expenses are charged to:
Question # 9
Petty cash book is a branch of
Question # 10
When saleable goods are bought in a business are called:
Question # 11
Retiring a bill under rebate means:
Question # 12
Which column is prepared in single column cash book?
Question # 13
In journalizing the page numbers of the ledgers are written in:
Question # 14
Bank Reconciliation represents
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.
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A Ayan Ahmed 01 - May - 2024 00 Min 58 Sec 14/15 -
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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 | Cheques issued to a creditor but not presented for payment are called |
A. Un Credited Cheques
B. Uncollected Cheques
C. Un Presented Cheques
D. Dishonoured Cheques
|
| 2 | Contra Refers to |
A. Same Side
B. Parallel Side
C. Opposite Side
D. None of these
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| 3 | The cash book is a |
A. Subsidiary Journal
B. Ledger Account
C. Subsidiary Journal and Ledger
D. Trial Balance
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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 | The book in which all cash transactions are primarily recorded is called |
A. Cheque Book
B. Pass Book
C. Cash Book
D. Finance Book
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| 7 | The favourable balance of bank statement is |
A. Credit Balance
B. Debit Balance
C. Zero Balance
D. Both b and c
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| 8 | A cash account always shows |
A. Debit Balance
B. Credit Balance
C. Both a and b
D. Nil Balance
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| 9 | Bank Reconciliation represents |
A. A Journal
B. A Ledger
C. A Statement
D. both a and c
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| 10 | When boan statement shown a debit total balance it means: |
A. Overdraft as per cash book
B. Unfavourable balance as per cash book
C. Favourable balance as per cash book
D. Overdraft as per bank statement
|
Test Questions
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07 Mar 2018hello friends