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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
In accounting all business transactions are recorded which have:
Question # 2
All the direct expenses are charged to:
Question # 3
The balance of petty cash book is a/an
Question # 4
An Entry which is recorded on the both sides of cash book is called
Question # 5
The most exhaustive cash book is
Question # 6
Unfavourable balance means
Question # 7
The rules of the debiting the receiving and crediting the giver is applicable to:
Question # 8
The cash book is a
Question # 9
Pass book is prepared by
Question # 10
When boan statement shown a debit total balance it means:
Question # 11
Credit Balance of pass book must be equal to debit balance of
Question # 12
Bank reconciliation statement is prepared by
Question # 13
In journalizing the page numbers of the ledgers are written in:
Question # 14
Retiring a bill under rebate means:
Question # 15
The owner of the business is known as:
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 | Discount deducted from the catalogue or list price is called: |
A. Trade discount
B. Cash discount
C. Catalogue discount
D. Credit discount
|
| 2 | Bank reconciliation statement is prepared by |
A. Banker
B. Customers Accountant
C. Auditor
D. Manager
|
| 3 | In form journal, the first column represents: |
A. Ledger Folio
B. Data
C. Amount
D. Debit
|
| 4 | A cash account always shows |
A. Debit Balance
B. Credit Balance
C. Both a and b
D. Nil Balance
|
| 5 | The owner of the business is known as: |
A. Sale man
B. Agent
C. Proprietor
D. Employee
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| 6 | When saleable goods are bought in a business are called: |
A. Sales
B. Purchase
C. Assets
D. Goods
|
| 7 | 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
|
| 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 | The book in which all cash transactions are primarily recorded is called |
A. Cheque Book
B. Pass Book
C. Cash Book
D. Finance Book
|
| 10 | 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
|
Test Questions
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shafia butt
07 Mar 2018hello friends