11th class Principles of Accounting chapter 11 online mcq test with answers for I.Com part 1 Principles of Accounting chapter 11(Work Sheet)

Principles of accounting Icom Part 1 English Medium Chapter 11 Online Test

Sr. #	Questions	Answers Choice
1	Worksheet contains ______ pairs of money columns	Five Four Three Two
2	In the preparation of worksheet the amounts in the trail balance are taken directly form the ______	Ledger Trail balance Balance sheet None of these
3	______ must be prepaid for testing ledger accounts, adjusting entries and financial statement	Work sheet Balance sheet Bank statement Trail balance
4	Work sheet is also used as a source to prepare ______	Financial statement Income statement Position statement Bank reconciliation statement
5	______ is prepared to avoid errors in the permanent records of accounting	Work sheet Ledger Bank statement Balance sheet
6	Usually every ______ entry affect both income statement and balance sheet	Adjusting Work sheet Balance sheet Ledger
7	______ simplifies work to be done at the end of the period	Work sheet Ledger Trail balance Balance sheet