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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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

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

Question # 2

Bank Reconciliation represents

Question # 3

Unfavourable balance means

Question # 4

In accounting all business transactions are recorded which have:

Question # 5

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

Question # 6

Cash account is concerned with:

Question # 7

The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:

Question # 8

Which column is prepared in single column cash book?

Question # 9

Credit Balance of pass book must be equal to debit balance of

Question # 10

Contra Refers to

Question # 11

Pass book is prepared by

Question # 12

In form journal, the first column represents:

Question # 13

The favourable balance of bank statement is

Question # 14

Book used to record petty expenses and receipts

Question # 15

A cash account always shows

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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 The book in which all cash transactions are primarily recorded is called
A. Cheque Book
B. Pass Book
C. Cash Book
D. Finance Book
2 All the time of endorsement of a bill the drawer credits:
A. The drawee account
B. The endorser's personal account
C. Bill receivable account
D. Endorser's account
3 Which column is prepared in single column cash book?
A. Bank Column
B. Cash Column
C. Discount Column
D. All of the Above
4 When saleable goods are bought in a business are called:
A. Sales 
B. Purchase
C. Assets
D. Goods
5 The owner of the business is known as:
A. Sale man
B. Agent
C. Proprietor
D. Employee
6 In form journal, the first column represents:
A. Ledger Folio
B. Data
C. Amount
D. Debit
7 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
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 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
10 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

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