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

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Hania Sheikh 30 - Jul - 2024 00 Min 55 Sec 15/15
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White Ninja yt 05 - Oct - 2024 02 Min 49 Sec 15/15
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Unknown 27 - Jul - 2025 00 Min 07 Sec 14/15
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Abdullah Wajid 21 - May - 2024 00 Min 44 Sec 14/15
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Arzoo Qaiser 31 - Jan - 2026 02 Min 13 Sec 14/15
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Jaweria Faraz 14 - Jul - 2024 02 Min 56 Sec 14/15
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12.besties forever 10 - Jul - 2024 02 Min 16 Sec 13/15
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Sania Butt 27 - May - 2024 02 Min 31 Sec 13/15
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Muhammad kashif shakoor 06 - Jun - 2024 02 Min 44 Sec 13/15
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Huzaifa Muzammil 29 - Oct - 2025 00 Min 23 Sec 12/15
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Zafar Ali 21 - May - 2024 01 Min 22 Sec 12/15
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Hamza Meer 21 - May - 2024 11 Min 01 Sec 12/15
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Muhammad Naseem 15 - Nov - 2024 01 Min 43 Sec 11/15
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Nanik Chand 01 - Jun - 2024 03 Min 16 Sec 11/15
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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	The book use to record all credit purchases is called:	A. Purchases book B. Purchase return book C. Cash book D. Creditor book
2	Journal means	A. Weekly B. Monthly C. Yearly D. Daily
3	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
4	All the transactions recorded to credit sales are recorded in:	A. Sale return book B. Sales book C. Cash book D. Debtor's book
5	Personal account are related to:	A. Assets and liabilities B. Expenses, losses C. Customers, creditors etc. D. Incomes
6	A Ledger is a book in which	A. Only Personal & Cash Accounts are Opened B. Only Real Accounts are Opened C. Only Nominal Accounts are Opened D. All Real, Nominal and Personal Accounts are Opened
7	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
8	The expenditures which reduce revenue (profit) of the business are:	A. Revenue expenditures B. Capital expenditure C. Fixed expenditures D. Future expenditures
9	A table lost by fire should be debited to	A. Table a/c B. Furniture a/c C. Loss by Fire a/c D. Purchases a/c
10	Journal is prepared in	A. Columnar form B. Vertical form C. Horizontal form D. Row form

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

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

A trial balance can be constructed by

Which of the following normally has a credit balance

A table lost by fire should be debited to

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

A bill of exchange is drawn by:

The process of recording business transaction in the journal is called

Written below each entry is the

Salary outstanding account relevant to:

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

Personal account are related to:

Book-keeping is mainly concerned with:

A schedule of balances of all accounts is called

All the transactions recorded to credit sales are recorded in:

Left hand side of an account is called

In double entry system of bookkeeping every business transaction affects:

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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

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