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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
All the time of endorsement of a bill the drawer credits:
Question # 2
Which column is prepared in single column cash book?
Question # 3
Discount deducted from the catalogue or list price is called:
Question # 4
Contra Refers to
Question # 5
In three column cash book, discount column is
Question # 6
The favourable balance of bank statement is
Question # 7
The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:
Question # 8
The rules of the debiting the receiving and crediting the giver is applicable to:
Question # 9
Book used to record petty expenses and receipts
Question # 10
In form journal, the first column represents:
Question # 11
In accounting all business transactions are recorded which have:
Question # 12
Unfavourable balance means
Question # 13
All the direct expenses are charged to:
Question # 14
Cheques issued to a creditor but not presented for payment are called
Question # 15
Cash account is concerned with:
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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S Sania Butt 28 - May - 2024 02 Min 28 Sec 13/15 -
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 Moiz Mirza 26 - Apr - 2024 02 Min 41 Sec 11/15 -
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 | Pass book is prepared by |
A. Debtor
B. Creditor
C. Banker
D. Customer
|
| 2 | When saleable goods are bought in a business are called: |
A. Sales
B. Purchase
C. Assets
D. Goods
|
| 3 | 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
|
| 4 | In three column cash book, discount column is |
A. Totaled
B. Balanced
C. Carry Forward
D. Both a and b
|
| 5 | 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
|
| 6 | The owner of the business is known as: |
A. Sale man
B. Agent
C. Proprietor
D. Employee
|
| 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 | 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
|
| 9 | The favourable balance of bank statement is |
A. Credit Balance
B. Debit Balance
C. Zero Balance
D. Both b and c
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| 10 | A cash account always shows |
A. Debit Balance
B. Credit Balance
C. Both a and b
D. Nil Balance
|
Test Questions
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07 Mar 2018hello friends