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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
Bank Reconciliation represents
Question # 2
The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:
Question # 3
A cash account always shows
Question # 4
The excess of gross profit on sale over total operating expenses is called:
Question # 5
All the time of endorsement of a bill the drawer credits:
Question # 6
The most exhaustive cash book is
Question # 7
The balance of petty cash book is a/an
Question # 8
Cheques issued to a creditor but not presented for payment are called
Question # 9
The cash book is a
Question # 10
In form journal, the first column represents:
Question # 11
Which column is prepared in single column cash book?
Question # 12
Discount deducted from the catalogue or list price is called:
Question # 13
The favourable balance of bank statement is
Question # 14
When boan statement shown a debit total balance it means:
Question # 15
Contra Refers 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.
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ICom Part 1 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
|
| 2 | 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
|
| 3 | 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
|
| 4 | Cash account is concerned with: |
A. Real account
B. Personal account
C. Nominal account
D. Capital account
|
| 5 | 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
|
| 6 | 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
|
| 7 | 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
|
| 8 | Which column is prepared in single column cash book? |
A. Bank Column
B. Cash Column
C. Discount Column
D. All of the Above
|
| 9 | The cash book is a |
A. Subsidiary Journal
B. Ledger Account
C. Subsidiary Journal and Ledger
D. Trial Balance
|
| 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
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07 Mar 2018hello friends