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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ICOM Part 1 English Medium Subjects

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Principles of Accounting
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English
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ICOM Part 1 Urdu Medium Subjects

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Urdu
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Principles of Commerce
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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"

Try The 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

00:00
Question # 1

In accounting all business transactions are recorded which have:

Question # 2

Bank reconciliation statement is prepared by

Question # 3

A cash account always shows

Question # 4

The balance of petty cash book is a/an

Question # 5

When ban column of a cash book shows a debit balance it means:

Question # 6

In journalizing the page numbers of the ledgers are written in:

Question # 7

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

Question # 8

The book in which all cash transactions are primarily recorded is called

Question # 9

Unfavourable balance means

Question # 10

In three column cash book, discount column is

Question # 11

The excess of gross profit on sale over total operating expenses is called:

Question # 12

The owner of the business is known as:

Question # 13

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

Question # 14

Bank Reconciliation represents

Question # 15

Retiring a bill under rebate means:

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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 In three column cash book, discount column is
A. Totaled
B. Balanced
C. Carry Forward
D. Both a and b
2 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
3 The balance of petty cash book is a/an
A. Asset
B. Liability
C. Expense
D. Income
4 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
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 Bank reconciliation statement is prepared by
A. Banker
B. Customers Accountant
C. Auditor
D. Manager
7 The book in which all cash transactions are primarily recorded is called
A. Cheque Book
B. Pass Book
C. Cash Book
D. Finance Book
8 All the direct expenses are charged to:
A. Balance sheet
B. Profit and loss account
C. Trading account
D. None of these
9 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
10 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

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