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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
The cash book is a
Question # 2
All the direct expenses are charged to:
Question # 3
Retiring a bill under rebate means:
Question # 4
Book used to record petty expenses and receipts
Question # 5
An Entry which is recorded on the both sides of cash book is called
Question # 6
When boan statement shown a debit total balance it means:
Question # 7
Cash account is concerned with:
Question # 8
Bank reconciliation statement is prepared by
Question # 9
Pass book is prepared by
Question # 10
A cash account always shows
Question # 11
Cheques issued to a creditor but not presented for payment are called
Question # 12
The book in which all cash transactions are primarily recorded is called
Question # 13
The excess of gross profit on sale over total operating expenses is called:
Question # 14
In journalizing the page numbers of the ledgers are written in:
Question # 15
All the time of endorsement of a bill the drawer credits:
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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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 | In three column cash book, discount column is |
A. Totaled
B. Balanced
C. Carry Forward
D. Both a and b
|
| 2 | 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
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| 3 | In form journal, the first column represents: |
A. Ledger Folio
B. Data
C. Amount
D. Debit
|
| 4 | 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
|
| 5 | Pass book is prepared by |
A. Debtor
B. Creditor
C. Banker
D. Customer
|
| 6 | Bank reconciliation statement is prepared by |
A. Banker
B. Customers Accountant
C. Auditor
D. Manager
|
| 7 | When saleable goods are bought in a business are called: |
A. Sales
B. Purchase
C. Assets
D. Goods
|
| 8 | The balance of petty cash book is a/an |
A. Asset
B. Liability
C. Expense
D. Income
|
| 9 | Cash account is concerned with: |
A. Real account
B. Personal account
C. Nominal account
D. Capital account
|
| 10 | How many columns are drawn on one side of three column cash book ? |
A. Five Columns
B. Six Columns
C. Seven Columns
D. Eight Columns
|
Test Questions
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07 Mar 2018hello friends