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This online test contains MCQs about following topics:
. What is work sheet . Method of preparing work sheet
ICOM Part 1 Accounting Ch 11 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 11 "Principles of accounting Icom Part 1 English Medium Chapter 11 Online Test"
Try The MCQ's Test For Chapter 11 "Principles of accounting Icom Part 1 English Medium Chapter 11 Online Test"
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Total Questions15
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Time Allowed20
Principles of accounting Icom Part 1 English Medium Chapter 11 Online Test
00:00
Question # 1
In the preparation of worksheet the amounts in the trail balance are taken directly form the ______
Question # 2
A ______ is a large columnar sheet of paper
Question # 3
______ must be prepaid for testing ledger accounts, adjusting entries and financial statement
Question # 4
The excess of credit column over debit column in income statement is called
Question # 5
Financial statement is prepared from the amount given in
Question # 6
Work sheet is also used as a source to prepare ______
Question # 7
The body of worksheet contains
Question # 8
A sheet which minimizes the chances of errors to the maximum possible extent is called
Question # 9
In the preparation of the worksheet the amounts on the trail balance columns are taken directly from
Question # 10
Which one of the following is not considered the permanent part of the accounting record?
Question # 11
Worksheet contains ______ pairs of money columns
Question # 12
Adjusting entries affect
Question # 13
Which one of the following in used to simplify work, to be done at the end of period
Question # 14
______ is prepared to avoid errors in the permanent records of accounting
Question # 15
The amount of assets, liabilities, capital and drawings are extended form adjusted trail balance to the
11th Principles of Accounting Chapter 11 Test
Here you can prepare 11th Principles of Accounting English Medium Chapter 11 Work Sheet Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 11 "Principles of accounting Icom Part 1 English Medium Chapter 11 Online Test" MCQ`s Test
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A Ayyan Shiekh 23 - Jun - 2026 01 Min 45 Sec 15/15 -
A Abdulah Iftikhar 10 - Nov - 2022 03 Min 31 Sec 15/15 -
H hamza abid 18 - Aug - 2021 10 Min 50 Sec 15/15 -
S Saba 29 - Jun - 2021 13 Min 35 Sec 15/15 -
R Rafaqat ali 23 - Jun - 2021 02 Min 01 Sec 14/15 -
Z zahid iqbal 20 - Oct - 2018 19 Min 25 Sec 14/15 -
A Ayan Ahmed 04 - May - 2024 01 Min 26 Sec 13/15 -
A Abdullah Zafar 22 - Sep - 2023 01 Min 44 Sec 13/15 -
A Arzoo Qaiser 31 - Jan - 2026 01 Min 48 Sec 13/15 -
S Sohera Aslam 18 - Aug - 2023 01 Min 50 Sec 13/15 -
N Niaz 17 - Sep - 2022 01 Min 59 Sec 13/15 -
M Muhammad kashif shakoor 19 - Jun - 2024 02 Min 35 Sec 13/15 -
R Rabia Javaid 11 - Mar - 2023 04 Min 31 Sec 13/15 -
J jiakhan 26 - Apr - 2018 01 Min 48 Sec 12/15 -
T twinkle leo 24 - Nov - 2024 03 Min 47 Sec 12/15
ICom Part 1 Principles of Accounting Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Worksheet provides complete information for preparing |
A. Income statement
B. Position statement
C. Financial statement
D. Bank reconciliation statement
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| 2 | In the preparation of worksheet the amounts in the trail balance are taken directly form the ______ |
A. Ledger
B. Trail balance
C. Balance sheet
D. None of these
|
| 3 | The body of worksheet contains |
A. Two pairs of money column
B. Three pairs of money column
C. Four pairs of money column
D. Five pairs of money column
|
| 4 | Expired cost of fixed assets means |
A. Appreciation
B. Amortization
C. Depreciation
D. None of these
|
| 5 | Which one of the following is not considered the permanent part of the accounting record? |
A. Journal
B. Trail balance
C. Ledger
D. Work sheet
|
| 6 | In the preparation of the worksheet the amounts on the trail balance columns are taken directly from |
A. Journal
B. Ledger
C. Trail balance
D. Transaction
|
| 7 | The excess of credit column over debit column in income statement is called |
A. Net loss
B. Net profit
C. Cash balance
D. Gross profit
|
| 8 | Financial statement is prepared from the amount given in |
A. Trail balance columns
B. Adjustments columns
C. Cash columns
D. Adjusted trail balance columns
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| 9 | Work sheet is also used as a source to prepare ______ |
A. Financial statement
B. Income statement
C. Position statement
D. Bank reconciliation statement
|
| 10 | Adjusted ______ is used to prepare the income statement and balance sheet |
A. Trail balance
B. Ledger
C. Balance sheet
D. Bank statement
|
Test Questions
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