First Year Principles of Accounting Chapter 4 Online MCQ Test for 1st Year Principles of Accounting Chapter 4 (Journal The Original Book of Entry)

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11th Principles of Accounting Chapter 4 Test

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

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

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Question # 1

In three column cash book, discount column is

Question # 2

Retiring a bill under rebate means:

Question # 3

The book in which all cash transactions are primarily recorded is called

Question # 4

All the direct expenses are charged to:

Question # 5

In accounting all business transactions are recorded which have:

Question # 6

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

Question # 7

The cash book is a 

Question # 8

Bank reconciliation statement is prepared by

Question # 9

An Entry which is recorded on the both sides of cash book is called

Question # 10

Contra Refers to

Question # 11

When ban column of a cash book shows a debit balance it means:

Question # 12

When boan statement shown a debit total balance it means:

Question # 13

The favourable balance of bank statement is

Question # 14

Pass book is prepared by

Question # 15

The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:

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. Need and importance if accounting . Journal: 1st phase of accounting cycle . Definition . Characteristics . Narration . Advantages of journal . Simple entry & compound entry

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