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This online test contains MCQs about following topics:
ICOM Part 1 Accounting Ch 2 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 2 "Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test"
Try The MCQ's Test For Chapter 2 "Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test"
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Total Questions15
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Time Allowed20
Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test
00:00
Question # 1
A schedule of balances of all accounts is called
Question # 2
Payment of Rs. 50 to Raheel as wages for repairing machine should be debited to
Question # 3
A table lost by fire should be debited to
Question # 4
The process of recording business transaction in the journal is called
Question # 5
The first successful step of Double Entry System is
Question # 6
Left hand side of an account is called
Question # 7
Which of the following normally has a credit balance
Question # 8
Salary outstanding account relevant to:
Question # 9
Personal account are related to:
Question # 10
A Ledger is a book in which
Question # 11
In case of a debt becoming bad, the amount should be credited to
Question # 12
Trading account is the account which is prepared to determine the:
Question # 13
In double entry system of bookkeeping every business transaction affects:
Question # 14
A bill of exchange is drawn by:
Question # 15
کسی شے کے مسلسل اور لگاتار استعمال سے مختتم افادہ میں کمی آتی جاتی ہے بشرطیکہ دیگر امور بدستور ہیں اس قانون کو کہتے ہیں
11th Principles of Accounting Chapter 2 Test
Here you can prepare 11th Principles of Accounting English Medium Chapter 2 Transactions and Accounting Equation Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 2 "Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test" MCQ`s Test
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H Hania Sheikh 30 - Jul - 2024 00 Min 55 Sec 15/15 -
W White Ninja yt 05 - Oct - 2024 02 Min 49 Sec 15/15 -
U Unknown 27 - Jul - 2025 00 Min 07 Sec 14/15 -
A Abdullah Wajid 21 - May - 2024 00 Min 44 Sec 14/15 -
A Arzoo Qaiser 31 - Jan - 2026 02 Min 13 Sec 14/15 -
J Jaweria Faraz 14 - Jul - 2024 02 Min 56 Sec 14/15 -
1 12.besties forever 10 - Jul - 2024 02 Min 16 Sec 13/15 -
S Sania Butt 27 - May - 2024 02 Min 31 Sec 13/15 -
M Muhammad kashif shakoor 06 - Jun - 2024 02 Min 44 Sec 13/15 -
S saman baig 20 - May - 2024 05 Min 30 Sec 13/15 -
H Huzaifa Muzammil 29 - Oct - 2025 00 Min 23 Sec 12/15 -
Z Zafar Ali 21 - May - 2024 01 Min 22 Sec 12/15 -
H Hamza Meer 21 - May - 2024 11 Min 01 Sec 12/15 -
M Muhammad Naseem 15 - Nov - 2024 01 Min 43 Sec 11/15 -
N Nanik Chand 01 - Jun - 2024 03 Min 16 Sec 11/15
ICom Part 1 Principles of Accounting Chapter 2 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | In double entry system of bookkeeping every business transaction affects: |
A. Debit or credit side of the same account
B. Two accounts
C. The same side of the same account
D. None of the above
|
| 2 | Transaction are recorded data wise, so journal is also called: |
A. Entry book
B. Transaction book
C. Chronological book
D. Voucher
|
| 3 | Personal account are related to: |
A. Assets and liabilities
B. Expenses, losses
C. Customers, creditors etc.
D. Incomes
|
| 4 | Journal is prepared in |
A. Columnar form
B. Vertical form
C. Horizontal form
D. Row form
|
| 5 | Written below each entry is the |
A. Transaction
B. Voucher no
C. Narration
D. Date
|
| 6 | The first successful step of Double Entry System is |
A. Leger
B. Journal
C. Final Account
D. Trial Balance
|
| 7 | Contain all residual account |
A. Debtors Ledger
B. Creditors Ledger
C. General Ledger
D. Cash Ledger
|
| 8 | The book use to record all credit purchases is called: |
A. Purchases book
B. Purchase return book
C. Cash book
D. Creditor book
|
| 9 | Journal means |
A. Weekly
B. Monthly
C. Yearly
D. Daily
|
| 10 | The Amount of salary paid to Sohail should be debited to |
A. Sohail's a/c
B. Cash Account
C. Salaries a/c
D. Both a & c
|
Test Questions