First Year Principles of Accounting Chapter 4 Online MCQ Test for 1st Year Principles of Accounting Chapter 4 (Journal The Original Book of Entry)

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
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English
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ICOM Part 1 Urdu Medium Subjects

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Principles of Accounting

MCQ's Test For Chapter 4 "Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test"

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Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test

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Question # 1

Book used to record petty expenses and receipts

Question # 2

A cash account always shows

Question # 3

The most exhaustive cash book is

Question # 4

The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:

Question # 5

All the time of endorsement of a bill the drawer credits:

Question # 6

Discount deducted from the catalogue or list price is called:

Question # 7

Bank Reconciliation represents

Question # 8

In journalizing the page numbers of the ledgers are written in:

Question # 9

In form journal, the first column represents:

Question # 10

Bank reconciliation statement is prepared by

Question # 11

The cash book is a 

Question # 12

In accounting all business transactions are recorded which have:

Question # 13

Contra Refers to

Question # 14

In three column cash book, discount column is

Question # 15

The favourable balance of bank statement is

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11th Principles of Accounting Chapter 4 Test

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ICom Part 1 Principles of Accounting Chapter 4 Important MCQ's

Sr.# Question Answer
1 In three column cash book, discount column is
A. Totaled
B. Balanced
C. Carry Forward
D. Both a and b
2 The rules of the debiting the receiving and crediting the giver is applicable to:
A. Persona account
B. Real account
C. Nominal account
D. Expense account
3 Petty cash book is a branch of
A. Pass Book
B. Cash Book
C. Journal
D. Ledger
4 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
5 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
6 Which column is prepared in single column cash book?
A. Bank Column
B. Cash Column
C. Discount Column
D. All of the Above
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 A cash account always shows
A. Debit Balance
B. Credit Balance
C. Both a and b
D. Nil Balance
9 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
10 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

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