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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
The Principle book of accounts is
Question # 2
In double entry system of bookkeeping every business transaction affects:
Question # 3
The first successful step of Double Entry System is
Question # 4
Payment of Rs. 50 to Raheel as wages for repairing machine should be debited to
Question # 5
A bill of exchange is drawn by:
Question # 6
Ledger Records Transaction in a/an
Question # 7
The Amount of salary paid to Sohail should be debited to
Question # 8
Bill receivable account is a:
Question # 9
Bank account is a:
Question # 10
Salary outstanding account relevant to:
Question # 11
Book-keeping is mainly concerned with:
Question # 12
Record of business transaction in the journal is called
Question # 13
The statement which contains the explanation of different in cash book and bank statement is known as:
Question # 14
A table lost by fire should be debited to
Question # 15
Personal account are related to:
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 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 -
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B Binte Noman 03 - Jul - 2024 03 Min 31 Sec 11/15
ICom Part 1 Principles of Accounting Chapter 2 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The balance of the trading account is the transferred to: |
A. Profit and loss account
B. Balance sheet
C. Work sheet
D. Position statement
|
| 2 | 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
|
| 3 | Journal is prepared in |
A. Columnar form
B. Vertical form
C. Horizontal form
D. Row form
|
| 4 | Transaction are recorded data wise, so journal is also called: |
A. Entry book
B. Transaction book
C. Chronological book
D. Voucher
|
| 5 | The Principle book of accounts is |
A. Journal
B. Ledger
C. Trial Balance
D. Balance Sheet
|
| 6 | 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
|
| 7 | The first successful step of Double Entry System is |
A. Leger
B. Journal
C. Final Account
D. Trial Balance
|
| 8 | The process of recording business transaction in the journal is called |
A. Posting
B. Journalizing
C. Classifying
D. Entry
|
| 9 | Debit Signifies |
A. Increase in Asset Account
B. Decrease in Liability Account
C. Decrease in Capital Account
D. All of the Above
|
| 10 | Bill receivable account is a: |
A. Nominal account
B. Personal account
C. Real account
D. Expenses account
|
Test Questions
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zohaib hassan attari
11 Dec 2018plz mairi achi si tiari karwa dy ham ny buht mushkil fees pay ki hy mujhy achi tarha entris sikha dy