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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
Salary outstanding account relevant to:
Question # 2
Transaction are recorded data wise, so journal is also called:
Question # 3
The first successful step of Double Entry System is
Question # 4
Journal is prepared in
Question # 5
A trial balance can be constructed by
Question # 6
A table lost by fire should be debited to
Question # 7
Written below each entry is the
Question # 8
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
Question # 9
A schedule of balances of all accounts is called
Question # 10
Which of the following normally has a credit balance
Question # 11
Journal means
Question # 12
The Principle book of accounts is
Question # 13
The process of recording business transaction in the journal is called
Question # 14
Contain all residual account
Question # 15
Bill receivable account is a:
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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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 -
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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 | The first successful step of Double Entry System is |
A. Leger
B. Journal
C. Final Account
D. Trial Balance
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| 2 | The book use to record all credit purchases is called: |
A. Purchases book
B. Purchase return book
C. Cash book
D. Creditor book
|
| 3 | Journal means |
A. Weekly
B. Monthly
C. Yearly
D. Daily
|
| 4 | The process of recording business transaction in the journal is called |
A. Posting
B. Journalizing
C. Classifying
D. Entry
|
| 5 | 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
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| 6 | All the transactions recorded to credit sales are recorded in: |
A. Sale return book
B. Sales book
C. Cash book
D. Debtor's book
|
| 7 | Salary outstanding account relevant to: |
A. Representative personal account
B. Artificial person's account
C. Natural persons account
D. Nominal accounts
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| 8 | 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
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| 9 | Debit Signifies |
A. Increase in Asset Account
B. Decrease in Liability Account
C. Decrease in Capital Account
D. All of the Above
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| 10 | Journal is prepared in |
A. Columnar form
B. Vertical form
C. Horizontal form
D. Row form
|
Test Questions