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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
Cheques issued to a creditor but not presented for payment are called
Question # 2
Book used to record petty expenses and receipts
Question # 3
Credit Balance of pass book must be equal to debit balance of
Question # 4
The balance of petty cash book is a/an
Question # 5
Discount deducted from the catalogue or list price is called:
Question # 6
The book in which all cash transactions are primarily recorded is called
Question # 7
Retiring a bill under rebate means:
Question # 8
How many columns are drawn on one side of three column cash book ?
Question # 9
When saleable goods are bought in a business are called:
Question # 10
Pass book is prepared by
Question # 11
Our cheque to Babar & Bros, returned dishonoured should be credited to
Question # 12
Cash account is concerned with:
Question # 13
The owner of the business is known as:
Question # 14
All the time of endorsement of a bill the drawer credits:
Question # 15
In form journal, the first column represents:
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 | 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
|
| 2 | 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
|
| 3 | Pass book is prepared by |
A. Debtor
B. Creditor
C. Banker
D. Customer
|
| 4 | The cash book is a |
A. Subsidiary Journal
B. Ledger Account
C. Subsidiary Journal and Ledger
D. Trial Balance
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| 5 | 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
|
| 6 | Retiring a bill under rebate means: |
A. Making payment for the bill before the due date
B. Making payment for the bill after the due date
C. Dishonouring bill
D. None of the above
|
| 7 | The excess of gross profit on sale over total operating expenses is called: |
A. Cost of goods sold
B. Gross profit
C. Net profit
D. None-operating income
|
| 8 | Bank Reconciliation represents |
A. A Journal
B. A Ledger
C. A Statement
D. both a and c
|
| 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
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| 10 | 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
|
Test Questions
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07 Mar 2018hello friends