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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
Pass book is prepared by
Question # 2
The cash book is a
Question # 3
Discount deducted from the catalogue or list price is called:
Question # 4
When ban column of a cash book shows a debit balance it means:
Question # 5
Unfavourable balance means
Question # 6
In journalizing the page numbers of the ledgers are written in:
Question # 7
The excess of gross profit on sale over total operating expenses is called:
Question # 8
The book in which all cash transactions are primarily recorded is called
Question # 9
In form journal, the first column represents:
Question # 10
Which column is prepared in single column cash book?
Question # 11
In three column cash book, discount column is
Question # 12
The rules of the debiting the receiving and crediting the giver is applicable to:
Question # 13
Book used to record petty expenses and receipts
Question # 14
In accounting all business transactions are recorded which have:
Question # 15
All the direct expenses are charged to:
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 -
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W Waj Khan 15 - Dec - 2023 03 Min 07 Sec 13/15 -
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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 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 | 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
|
| 2 | A cash account always shows |
A. Debit Balance
B. Credit Balance
C. Both a and b
D. Nil Balance
|
| 3 | Unfavourable balance means |
A. Credit Balance in the Pass Book
B. Credit Balance in the Cash Book
C. Debit Balance in Bank Statement
D. Both b and c
|
| 4 | Discount deducted from the catalogue or list price is called: |
A. Trade discount
B. Cash discount
C. Catalogue discount
D. Credit discount
|
| 5 | Which column is prepared in single column cash book? |
A. Bank Column
B. Cash Column
C. Discount Column
D. All of the Above
|
| 6 | When saleable goods are bought in a business are called: |
A. Sales
B. Purchase
C. Assets
D. Goods
|
| 7 | 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
|
| 8 | Bank Reconciliation represents |
A. A Journal
B. A Ledger
C. A Statement
D. both a and c
|
| 9 | 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
|
| 10 | In accounting all business transactions are recorded which have: |
A. Dual aspect
B. Single aspect
C. None of the above
D. Economic aspect
|
Test Questions