11th class Principles of Accounting chapter 2 online mcq test with answers for I.Com part 1 Principles of Accounting chapter 2(Transactions and Accounting Equation)

Top Scorers Of Chapter 2 "Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test" MCQ`s Test

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
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
S

Subhan Baig 19 - Jul - 2024 03 Min 31 Sec 11/15

ICom Part 1 Principles of Accounting Chapter 2 Important MCQ's

Sr.#	Question	Answer
1	Payment of Rs. 50 to Raheel as wages for repairing machine should be debited to	A. Machinery a/c B. Repair a/c C. Wages a/c D. Raheel a/c
2	If the total of the credit side of an account exceeds that of debit side of the same account, it is called	A. Credit Balance B. Debit Balance C. Balancing D. Zero Balance
3	Book-keeping is mainly concerned with:	A. Recording of business transactions B. Recording classifying and summarizing the recorded data C. Interpreting the recorded data D. None of the above
4	A trial balance can be constructed by	A. Three Methods B. Two Methods C. Four Methods D. Five Methods
5	The Principle book of accounts is	A. Journal B. Ledger C. Trial Balance D. Balance Sheet
6	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	A. قانون تقلیل افادہ مختتم B. قانون مساوی افادہ مختتم C. قانون طلب D. قانون تقلیل حاصل
7	Salary outstanding account relevant to:	A. Representative personal account B. Artificial person's account C. Natural persons account D. Nominal accounts
8	Journal is prepared in	A. Columnar form B. Vertical form C. Horizontal form D. Row form
9	A schedule of balances of all accounts is called	A. Journal B. Ledger C. Balance Sheet D. Trial Balance
10	Which of the following normally has a credit balance	A. Machinery a/c B. Purchases a/c C. Stock a/c D. Sales a/c

Latest Educational News Stories

Pakistan's Largest Database of Colleges and Universities

BS Programs

University Past Papers

University Results

Exam Results 2024

Study Abroad Programs and Opportunities for Pakistani Students

First Year Principles of Accounting Chapter 2 Online MCQ Test for 1st Year Principles of Accounting Chapter 2 (Transactions and Accounting Equation)

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"

Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test

The expenditures which reduce revenue (profit) of the business are:

Payment of Rs. 50 to Raheel as wages for repairing machine should be debited to

The Principle book of accounts is

Ledger Records Transaction in a/an

Salary outstanding account relevant to:

In double entry system of bookkeeping every business transaction affects:

Left hand side of an account is called

Debit Signifies

Bill receivable account is a:

The book use to record all credit purchases is called:

If the total of the credit side of an account exceeds that of debit side of the same account, it is called

Trading account is the account which is prepared to determine the:

Which of the following normally has a credit balance

Record of business transaction in the journal is called

Written below each entry is the

Prepare Complete Set Wise Chapter 2 "Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test" MCQs Online With Answers

Set 1

Set 2

Set 3

Topic Test

11th Principles of Accounting Chapter 2 Test

Top Scorers Of Chapter 2 "Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test" MCQ`s Test

ICom Part 1 Principles of Accounting Chapter 2 Important MCQ's

Test Questions

Is this page helpful?

Share your comments & questions here

zohaib hassan attari