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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
Which column is prepared in single column cash book?
Question # 2
Pass book is prepared by
Question # 3
In three column cash book, discount column is
Question # 4
Book used to record petty expenses and receipts
Question # 5
The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:
Question # 6
All the direct expenses are charged to:
Question # 7
In accounting all business transactions are recorded which have:
Question # 8
Bank Reconciliation represents
Question # 9
A cash account always shows
Question # 10
The cash book is a
Question # 11
Unfavourable balance means
Question # 12
Credit Balance of pass book must be equal to debit balance of
Question # 13
Bank reconciliation statement is prepared by
Question # 14
Our cheque to Babar & Bros, returned dishonoured should be credited to
Question # 15
When boan statement shown a debit total balance it means:
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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A Ayan Ahmed 01 - May - 2024 00 Min 58 Sec 14/15 -
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ICom Part 1 Principles of Accounting Chapter 4 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | Contra Refers to |
A. Same Side
B. Parallel Side
C. Opposite Side
D. None of these
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| 3 | Unfavourable balance means |
A. Credit Balance in the Pass Book
B. Credit Balance in the Cash Book
C. Debit Balance in Bank Statement
D. Both b and c
|
| 4 | 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
|
| 5 | Petty cash book is a branch of |
A. Pass Book
B. Cash Book
C. Journal
D. Ledger
|
| 6 | Discount deducted from the catalogue or list price is called: |
A. Trade discount
B. Cash discount
C. Catalogue discount
D. Credit discount
|
| 7 | 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
|
| 8 | Pass book is prepared by |
A. Debtor
B. Creditor
C. Banker
D. Customer
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| 9 | 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
|
| 10 | The balance of petty cash book is a/an |
A. Asset
B. Liability
C. Expense
D. Income
|
Test Questions
