First Year Principles of Accounting Chapter 4 Online MCQ Test for 1st Year 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
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English
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ICOM Part 1 Urdu Medium Subjects

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Principles of Accounting

MCQ's Test For Chapter 4 "Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test"

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

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Question # 1

The cash book is a 

Question # 2

In form journal, the first column represents:

Question # 3

Petty cash book is a branch of

Question # 4

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

Question # 5

Our cheque to Babar & Bros, returned dishonoured should be credited to

Question # 6

Retiring a bill under rebate means:

Question # 7

Discount deducted from the catalogue or list price is called:

Question # 8

In accounting all business transactions are recorded which have:

Question # 9

When boan statement shown a debit total balance it means:

Question # 10

Bank Reconciliation represents

Question # 11

The most exhaustive cash book is

Question # 12

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

Question # 13

Bank reconciliation statement is prepared by

Question # 14

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

Question # 15

Contra Refers to

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11th Principles of Accounting Chapter 4 Test

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

Sr.# Question Answer
1 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
2 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
3 The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:
A. Receipt voucher
B. Payment voucher
C. Cash voucher
D. Cash memo
4 In form journal, the first column represents:
A. Ledger Folio
B. Data
C. Amount
D. Debit
5 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
6 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
7 Bank Reconciliation represents
A. A Journal
B. A Ledger
C. A Statement
D. both a and c
8 How many columns are drawn on one side of three column cash book ?
A. Five Columns
B. Six Columns
C. Seven Columns
D. Eight Columns
9 Discount deducted from the catalogue or list price is called:
A. Trade discount
B. Cash discount
C. Catalogue discount
D. Credit discount
10 Bank reconciliation statement is prepared by
A. Banker
B. Customers Accountant
C. Auditor
D. Manager

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