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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
The most exhaustive cash book is
Question # 2
How many columns are drawn on one side of three column cash book ?
Question # 3
Bank Reconciliation represents
Question # 4
Unfavourable balance means
Question # 5
Pass book is prepared by
Question # 6
In accounting all business transactions are recorded which have:
Question # 7
Discount deducted from the catalogue or list price is called:
Question # 8
The excess of gross profit on sale over total operating expenses is called:
Question # 9
In form journal, the first column represents:
Question # 10
In journalizing the page numbers of the ledgers are written in:
Question # 11
The cash book is a
Question # 12
The balance of petty cash book is a/an
Question # 13
The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:
Question # 14
Our cheque to Babar & Bros, returned dishonoured should be credited to
Question # 15
Retiring a bill under rebate means:
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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W Wasif Mehmood 03 - Nov - 2023 00 Min 24 Sec 14/15 -
A Ayan Ahmed 01 - May - 2024 00 Min 58 Sec 14/15 -
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W Waj Khan 15 - Dec - 2023 03 Min 07 Sec 13/15 -
M mirza asghar 21 - May - 2024 02 Min 22 Sec 12/15 -
F Fatima Asif 23 - May - 2024 02 Min 31 Sec 12/15 -
A Abeer 06 - Feb - 2024 03 Min 28 Sec 12/15 -
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M Muhammad Irfan 31 - Jan - 2024 02 Min 42 Sec 11/15
ICom Part 1 Principles of Accounting Chapter 4 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | The book in which all cash transactions are primarily recorded is called |
A. Cheque Book
B. Pass Book
C. Cash Book
D. Finance Book
|
| 3 | In three column cash book, discount column is |
A. Totaled
B. Balanced
C. Carry Forward
D. Both a and b
|
| 4 | 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
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| 5 | Petty cash book is a branch of |
A. Pass Book
B. Cash Book
C. Journal
D. Ledger
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| 6 | 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
|
| 7 | The owner of the business is known as: |
A. Sale man
B. Agent
C. Proprietor
D. Employee
|
| 8 | Bank reconciliation statement is prepared by |
A. Banker
B. Customers Accountant
C. Auditor
D. Manager
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| 9 | Contra Refers to |
A. Same Side
B. Parallel Side
C. Opposite Side
D. None of these
|
| 10 | The favourable balance of bank statement is |
A. Credit Balance
B. Debit Balance
C. Zero Balance
D. Both b and c
|
Test Questions
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shafia butt
07 Mar 2018hello friends