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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
Which column is prepared in single column cash book?
Question # 2
All the direct expenses are charged to:
Question # 3
All the time of endorsement of a bill the drawer credits:
Question # 4
How many columns are drawn on one side of three column cash book ?
Question # 5
Cheques issued to a creditor but not presented for payment are called
Question # 6
In journalizing the page numbers of the ledgers are written in:
Question # 7
Book used to record petty expenses and receipts
Question # 8
An Entry which is recorded on the both sides of cash book is called
Question # 9
The owner of the business is known as:
Question # 10
Unfavourable balance means
Question # 11
The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:
Question # 12
When saleable goods are bought in a business are called:
Question # 13
Retiring a bill under rebate means:
Question # 14
Contra Refers to
Question # 15
Credit Balance of pass book must be equal to debit balance of
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 | A cash account always shows |
A. Debit Balance
B. Credit Balance
C. Both a and b
D. Nil Balance
|
| 2 | All the direct expenses are charged to: |
A. Balance sheet
B. Profit and loss account
C. Trading account
D. None of these
|
| 3 | 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
|
| 4 | 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
|
| 5 | 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
|
| 6 | The balance of petty cash book is a/an |
A. Asset
B. Liability
C. Expense
D. Income
|
| 7 | Bank reconciliation statement is prepared by |
A. Banker
B. Customers Accountant
C. Auditor
D. Manager
|
| 8 | When saleable goods are bought in a business are called: |
A. Sales
B. Purchase
C. Assets
D. Goods
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| 9 | 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
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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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shafia butt
07 Mar 2018hello friends