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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
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Question # 1
The excess of gross profit on sale over total operating expenses is called:
Question # 2
Bank Reconciliation represents
Question # 3
In form journal, the first column represents:
Question # 4
How many columns are drawn on one side of three column cash book ?
Question # 5
The owner of the business is known as:
Question # 6
When saleable goods are bought in a business are called:
Question # 7
Petty cash book is a branch of
Question # 8
When ban column of a cash book shows a debit balance it means:
Question # 9
In three column cash book, discount column is
Question # 10
The rules of the debiting the receiving and crediting the giver is applicable to:
Question # 11
The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:
Question # 12
Book used to record petty expenses and receipts
Question # 13
Our cheque to Babar & Bros, returned dishonoured should be credited to
Question # 14
The most exhaustive cash book is
Question # 15
The cash book is a
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 | 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
|
| 2 | Which column is prepared in single column cash book? |
A. Bank Column
B. Cash Column
C. Discount Column
D. All of the Above
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| 3 | The book in which all cash transactions are primarily recorded is called |
A. Cheque Book
B. Pass Book
C. Cash Book
D. Finance Book
|
| 4 | 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
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| 5 | All the time of endorsement of a bill the drawer credits: |
A. The drawee account
B. The endorser's personal account
C. Bill receivable account
D. Endorser's account
|
| 6 | Cash account is concerned with: |
A. Real account
B. Personal account
C. Nominal account
D. Capital account
|
| 7 | 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
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| 8 | Bank Reconciliation represents |
A. A Journal
B. A Ledger
C. A Statement
D. both a and c
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| 9 | 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
|
| 10 | 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
|
Test Questions