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
Start Accounting Ch 4 Test
ic

ICOM Part 1 English Medium Subjects

icon
Principles of Accounting
icon
Principles of Economics
icon
Principles of Commerce
icon
English
icon
Islamiat
icon
Business Mathematics
icon
Urdu

ICOM Part 1 Urdu Medium Subjects

icon
Urdu
icon
Business Mathematics
icon
Islamiat
icon
English
icon
Principles of Commerce
icon
Principles of Economics
icon
Principles of Accounting

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"

  • Total Questions15

  • Time Allowed20

Start Test Download PDF

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

00:00
Question # 1

Bank reconciliation statement is prepared by

Question # 2

The most exhaustive cash book is

Question # 3

Cash account is concerned with:

Question # 4

Retiring a bill under rebate means:

Question # 5

In accounting all business transactions are recorded which have:

Question # 6

How many columns are drawn on one side of three column cash book ?

Question # 7

The excess of gross profit on sale over total operating expenses is called:

Question # 8

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

Question # 9

The cash book is a 

Question # 10

The rules of the debiting the receiving and crediting the giver is applicable to:

Question # 11

Our cheque to Babar & Bros, returned dishonoured should be credited to

Question # 12

Discount deducted from the catalogue or list price is called:

Question # 13

The balance of petty cash book is a/an

Question # 14

Cheques issued to a creditor but not presented for payment are called

Question # 15

When boan statement shown a debit total balance it means:

Submit

Prepare Complete Set Wise Chapter 4 "Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test" MCQs Online With Answers


Topic Test

00:00
Submit
ic-science-white
Prin. of Accounting
4th Chapter

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.

Start Chapter 4 Test

Top Scorers Of Chapter 4 "Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test" MCQ`s Test

  • S
    Shayan Tanveer 28 - Oct - 2024 08 Min 38 Sec 15/15
  • 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
  • K
    kalsoom 11 - Jan - 2024 17 Min 58 Sec 12/15
  • I
    ishrat fatima 07 - Jun - 2024 02 Min 14 Sec 11/15
  • 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 Cash account is concerned with:
A. Real account
B. Personal account
C. Nominal account
D. Capital account
2 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
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
5 In three column cash book, discount column is
A. Totaled
B. Balanced
C. Carry Forward
D. Both a and b
6 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
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 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
9 When saleable goods are bought in a business are called:
A. Sales 
B. Purchase
C. Assets
D. Goods
10 The balance of petty cash book is a/an
A. Asset
B. Liability
C. Expense
D. Income

Test Questions