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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
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Question # 1
In accounting all business transactions are recorded which have:
Question # 2
Our cheque to Babar & Bros, returned dishonoured should be credited to
Question # 3
Bank Reconciliation represents
Question # 4
All the time of endorsement of a bill the drawer credits:
Question # 5
A cash account always shows
Question # 6
When ban column of a cash book shows a debit balance it means:
Question # 7
The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:
Question # 8
How many columns are drawn on one side of three column cash book ?
Question # 9
Unfavourable balance means
Question # 10
The book in which all cash transactions are primarily recorded is called
Question # 11
All the direct expenses are charged to:
Question # 12
Book used to record petty expenses and receipts
Question # 13
Petty cash book is a branch of
Question # 14
Discount deducted from the catalogue or list price is called:
Question # 15
Which column is prepared in single column cash book?
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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W Wasif Mehmood 03 - Nov - 2023 00 Min 24 Sec 14/15 -
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 | Which column is prepared in single column cash book? |
A. Bank Column
B. Cash Column
C. Discount Column
D. All of the Above
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| 2 | In form journal, the first column represents: |
A. Ledger Folio
B. Data
C. Amount
D. Debit
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| 3 | 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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| 4 | Credit Balance of pass book must be equal to debit balance of |
A. Cash Book
B. Bank Ledger
C. Clients other Account
D. None of these
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| 5 | Petty cash book is a branch of |
A. Pass Book
B. Cash Book
C. Journal
D. Ledger
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| 6 | Bank reconciliation statement is prepared by |
A. Banker
B. Customers Accountant
C. Auditor
D. Manager
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| 7 | When ban column of a cash book shows a debit balance it means: |
A. Overdraft as per bank
B. Unfavourable balance as per cash book
C. Favourable balance as per cash book
D. Favourable balance as per pass book
|
| 8 | The cash book is a |
A. Subsidiary Journal
B. Ledger Account
C. Subsidiary Journal and Ledger
D. Trial Balance
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| 9 | 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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| 10 | The owner of the business is known as: |
A. Sale man
B. Agent
C. Proprietor
D. Employee
|
Test Questions