Question # 1

Contra Refers to

Choose an answer

Same Side

Parallel Side

Opposite Side

None of these

In journalizing the page numbers of the ledgers are written in:

Choose an answer

The first column of journal

The second column of journal

The third column of journal

The fourth column of journal

When boan statement shown a debit total balance it means:

Choose an answer

Overdraft as per cash book

Unfavourable balance as per cash book

Favourable balance as per cash book

Overdraft as per bank statement

The cash book is a

Choose an answer

Subsidiary Journal

Ledger Account

Subsidiary Journal and Ledger

Trial Balance

Retiring a bill under rebate means:

Choose an answer

Making payment for the bill before the due date

Making payment for the bill after the due date

Dishonouring bill

None of the above

Our cheque to Babar & Bros, returned dishonoured should be credited to

Choose an answer

Cheque Account

Cash Account

Bank Account

Babar & Bros A/c

In accounting all business transactions are recorded which have:

Choose an answer

Dual aspect

Single aspect

None of the above

Economic aspect

In form journal, the first column represents:

Choose an answer

Ledger Folio

Data

Amount

Debit

The favourable balance of bank statement is

Choose an answer

Credit Balance

Debit Balance

Zero Balance

Both b and c

The balance of petty cash book is a/an

Choose an answer

Asset

Liability

Expense

Income

The owner of the business is known as:

Choose an answer

Sale man

Agent

Proprietor

Employee

Cheques issued to a creditor but not presented for payment are called

Choose an answer

Un Credited Cheques

Uncollected Cheques

Un Presented Cheques

Dishonoured Cheques

In three column cash book, discount column is

Choose an answer

Totaled

Balanced

Carry Forward

Both a and b

Cash account is concerned with:

Choose an answer

Real account

Personal account

Nominal account

Capital account

Bank Reconciliation represents

Choose an answer

A Journal

A Ledger

A Statement

both a and c

More Classes

Other Links

Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer