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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
All the direct expenses are charged to:
Question # 2
In three column cash book, discount column is
Question # 3
The favourable balance of bank statement is
Question # 4
The excess of gross profit on sale over total operating expenses is called:
Question # 5
Petty cash book is a branch of
Question # 6
When saleable goods are bought in a business are called:
Question # 7
The book in which all cash transactions are primarily recorded is called
Question # 8
In form journal, the first column represents:
Question # 9
The owner of the business is known as:
Question # 10
Book used to record petty expenses and receipts
Question # 11
The rules of the debiting the receiving and crediting the giver is applicable to:
Question # 12
Bank Reconciliation represents
Question # 13
Contra Refers to
Question # 14
Pass book is prepared by
Question # 15
Our cheque to Babar & Bros, returned dishonoured should be credited to
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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ICom Part 1 Principles of Accounting Chapter 4 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | When saleable goods are bought in a business are called: |
A. Sales
B. Purchase
C. Assets
D. Goods
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| 2 | 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
|
| 3 | Petty cash book is a branch of |
A. Pass Book
B. Cash Book
C. Journal
D. Ledger
|
| 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
|
| 5 | In form journal, the first column represents: |
A. Ledger Folio
B. Data
C. Amount
D. Debit
|
| 6 | 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
|
| 7 | The balance of petty cash book is a/an |
A. Asset
B. Liability
C. Expense
D. Income
|
| 8 | 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
|
| 9 | In three column cash book, discount column is |
A. Totaled
B. Balanced
C. Carry Forward
D. Both a and b
|
| 10 | 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
|
Test Questions