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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.

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

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

Sr. # Questions Answers Choice
1 Contain all residual account
  • A. Debtors Ledger
  • B. Creditors Ledger
  • C. General Ledger
  • D. Cash Ledger
2 Bank account is a:
  • A. Personal account
  • B. Real account
  • C. Nominal account
  • D. None of these
3 Personal account are related to:
  • A. Assets and liabilities
  • B. Expenses, losses
  • C. Customers, creditors etc.
  • D. Incomes
4 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
5 Journal means
  • A. Weekly
  • B. Monthly
  • C. Yearly
  • D. Daily
6 Transaction are recorded data wise, so journal is also called:
  • A. Entry book
  • B. Transaction book
  • C. Chronological book
  • D. Voucher
7 A bill of exchange is drawn by:
  • A. A debtor
  • B. A creditor
  • C. A holder
  • D. Endorsee
8 A transaction is recorded on the same days as its takes place, so  journal is also called:
  • A. A day book
  • B. A history book
  • C. An  entry book
  • D. Ledger book
9 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
10 A schedule of balances of all accounts is called
  • A. Journal
  • B. Ledger
  • C. Balance Sheet
  • D. Trial Balance

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PGC Library NWL

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Faiqa Matmool

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Faiqa Matmool

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PUBG KING

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Addul Rehman

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    Zohaib Hassan Attari

    11 Dec 2018

    plz mairi achi si tiari karwa dy ham ny buht mushkil fees pay ki hy mujhy achi tarha entris sikha dy

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