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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
Book used to record petty expenses and receipts
Question # 2
The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:
Question # 3
Which column is prepared in single column cash book?
Question # 4
The owner of the business is known as:
Question # 5
How many columns are drawn on one side of three column cash book ?
Question # 6
When boan statement shown a debit total balance it means:
Question # 7
Unfavourable balance means
Question # 8
A cash account always shows
Question # 9
Bank Reconciliation represents
Question # 10
Credit Balance of pass book must be equal to debit balance of
Question # 11
The most exhaustive cash book is
Question # 12
The favourable balance of bank statement is
Question # 13
In form journal, the first column represents:
Question # 14
Our cheque to Babar & Bros, returned dishonoured should be credited to
Question # 15
The book in which all cash transactions are primarily recorded is called
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 | 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
|
| 2 | The favourable balance of bank statement is |
A. Credit Balance
B. Debit Balance
C. Zero Balance
D. Both b and c
|
| 3 | 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
|
| 4 | 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
|
| 5 | The cash book is a |
A. Subsidiary Journal
B. Ledger Account
C. Subsidiary Journal and Ledger
D. Trial Balance
|
| 6 | 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
|
| 7 | 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
|
| 8 | 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
|
| 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
|
| 10 | Bank Reconciliation represents |
A. A Journal
B. A Ledger
C. A Statement
D. both a and c
|
Test Questions
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