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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 balance of petty cash book is a/an
Question # 2
The excess of gross profit on sale over total operating expenses 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
All the time of endorsement of a bill the drawer credits:
Question # 6
Retiring a bill under rebate means:
Question # 7
In three column cash book, discount column is
Question # 8
The cash book is a
Question # 9
When ban column of a cash book shows a debit balance it means:
Question # 10
Credit Balance of pass book must be equal to debit balance of
Question # 11
Discount deducted from the catalogue or list price is called:
Question # 12
Bank reconciliation statement is prepared by
Question # 13
The book in which all cash transactions are primarily recorded is called
Question # 14
Contra Refers to
Question # 15
Cheques issued to a creditor but not presented for payment are 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.
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 Class Principles of Accounting Chapter 4 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Bank Reconciliation represents |
A. A Journal
B. A Ledger
C. A Statement
D. both a and c
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| 2 | 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
|
| 3 | A cash account always shows |
A. Debit Balance
B. Credit Balance
C. Both a and b
D. Nil Balance
|
| 4 | 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
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| 5 | 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
|
| 6 | When saleable goods are bought in a business are called: |
A. Sales
B. Purchase
C. Assets
D. Goods
|
| 7 | In form journal, the first column represents: |
A. Ledger Folio
B. Data
C. Amount
D. Debit
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| 8 | Discount deducted from the catalogue or list price is called: |
A. Trade discount
B. Cash discount
C. Catalogue discount
D. Credit discount
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| 9 | In journalizing the page numbers of the ledgers are written in: |
A. The first column of journal
B. The second column of journal
C. The third column of journal
D. The fourth column of journal
|
| 10 | Petty cash book is a branch of |
A. Pass Book
B. Cash Book
C. Journal
D. Ledger
|
Test Questions
