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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English
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ICOM Part 1 Urdu Medium Subjects

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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"

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  • Total Questions15

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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

The most exhaustive cash book is

Question # 3

Discount deducted from the catalogue or list price is called:

Question # 4

Bank Reconciliation represents

Question # 5

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

Question # 6

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

Question # 7

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

Question # 8

Book used to record petty expenses and receipts

Question # 9

In three column cash book, discount column is

Question # 10

How many columns are drawn on one side of three column cash book ?

Question # 11

The owner of the business is known as:

Question # 12

The favourable balance of bank statement is

Question # 13

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

Question # 14

Bank reconciliation statement is prepared by

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 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
3 Bank reconciliation statement is prepared by
A. Banker
B. Customers Accountant
C. Auditor
D. Manager
4 The owner of the business is known as:
A. Sale man
B. Agent
C. Proprietor
D. Employee
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 Discount deducted from the catalogue or list price is called:
A. Trade discount
B. Cash discount
C. Catalogue discount
D. Credit discount
7 Our cheque to Babar & Bros, returned dishonoured should be credited to
A. Cheque Account
B. Cash Account
C. Bank Account
D. Babar & Bros A/c
8 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
9 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
10 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

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