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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
A cash account always shows
Question # 2
Bank reconciliation statement is prepared by
Question # 3
An Entry which is recorded on the both sides of cash book is called
Question # 4
The excess of gross profit on sale over total operating expenses is called:
Question # 5
Pass book is prepared by
Question # 6
All the direct expenses are charged to:
Question # 7
In journalizing the page numbers of the ledgers are written in:
Question # 8
The book in which all cash transactions are primarily recorded is called
Question # 9
How many columns are drawn on one side of three column cash book ?
Question # 10
The favourable balance of bank statement is
Question # 11
When boan statement shown a debit total balance it means:
Question # 12
Cheques issued to a creditor but not presented for payment are called
Question # 13
In three column cash book, discount column is
Question # 14
Retiring a bill under rebate means:
Question # 15
The owner of the business is known as:
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 -
S Subhan Baig 19 - Jul - 2024 02 Min 02 Sec 14/15 -
M Maryam Nazar 21 - Apr - 2026 03 Min 34 Sec 14/15 -
F Faizan Bakhsh 06 - Nov - 2023 00 Min 48 Sec 13/15 -
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 | 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
|
| 2 | Credit Balance of pass book must be equal to debit balance of |
A. Cash Book
B. Bank Ledger
C. Clients other Account
D. None of these
|
| 3 | When saleable goods are bought in a business are called: |
A. Sales
B. Purchase
C. Assets
D. Goods
|
| 4 | The book in which all cash transactions are primarily recorded is called |
A. Cheque Book
B. Pass Book
C. Cash Book
D. Finance Book
|
| 5 | 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
|
| 6 | Contra Refers to |
A. Same Side
B. Parallel Side
C. Opposite Side
D. None of these
|
| 7 | Which column is prepared in single column cash book? |
A. Bank Column
B. Cash Column
C. Discount Column
D. All of the Above
|
| 8 | Discount deducted from the catalogue or list price is called: |
A. Trade discount
B. Cash discount
C. Catalogue discount
D. Credit discount
|
| 9 | 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
|
| 10 | All the direct expenses are charged to: |
A. Balance sheet
B. Profit and loss account
C. Trading account
D. None of these
|
Test Questions
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