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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
In form journal, the first column represents:
Question # 2
The most exhaustive cash book is
Question # 3
Discount deducted from the catalogue or list price is called:
Question # 4
The book in which all cash transactions are primarily recorded is called
Question # 5
The rules of the debiting the receiving and crediting the giver is applicable to:
Question # 6
Petty cash book is a branch of
Question # 7
How many columns are drawn on one side of three column cash book ?
Question # 8
The cash book is a
Question # 9
Bank reconciliation statement is prepared by
Question # 10
Cash account is concerned with:
Question # 11
The excess of gross profit on sale over total operating expenses is called:
Question # 12
In three column cash book, discount column is
Question # 13
Unfavourable balance means
Question # 14
Cheques issued to a creditor but not presented for payment are called
Question # 15
When ban column of a cash book shows a debit balance it means:
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 | The owner of the business is known as: |
A. Sale man
B. Agent
C. Proprietor
D. Employee
|
| 2 | Discount deducted from the catalogue or list price is called: |
A. Trade discount
B. Cash discount
C. Catalogue discount
D. Credit discount
|
| 3 | Bank reconciliation statement is prepared by |
A. Banker
B. Customers Accountant
C. Auditor
D. Manager
|
| 4 | Pass book is prepared by |
A. Debtor
B. Creditor
C. Banker
D. Customer
|
| 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 | 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
|
| 7 | 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
|
| 8 | 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
|
| 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 | Contra Refers to |
A. Same Side
B. Parallel Side
C. Opposite Side
D. None of these
|
Test Questions
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07 Mar 2018hello friends