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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
Personal account are related to:
Question # 2
The first successful step of Double Entry System is
Question # 3
The book use to record all credit purchases is called:
Question # 4
The process of recording business transaction in the journal is called
Question # 5
Salary outstanding account relevant to:
Question # 6
The statement which contains the explanation of different in cash book and bank statement is known as:
Question # 7
The balance of the trading account is the transferred to:
Question # 8
Bank account is a:
Question # 9
Ledger Records Transaction in a/an
Question # 10
Transaction are recorded data wise, so journal is also called:
Question # 11
Bill receivable account is a:
Question # 12
Which of the following normally has a credit balance
Question # 13
Written below each entry is the
Question # 14
If the total of the credit side of an account exceeds that of debit side of the same account, it is called
Question # 15
Book-keeping is mainly concerned with:
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 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 | Debit Signifies |
A. Increase in Asset Account
B. Decrease in Liability Account
C. Decrease in Capital Account
D. All of the Above
|
| 2 | 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
|
| 3 | The Principle book of accounts is |
A. Journal
B. Ledger
C. Trial Balance
D. Balance Sheet
|
| 4 | 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
|
| 5 | All the transactions recorded to credit sales are recorded in: |
A. Sale return book
B. Sales book
C. Cash book
D. Debtor's book
|
| 6 | 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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| 7 | Bill receivable account is a: |
A. Nominal account
B. Personal account
C. Real account
D. Expenses account
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| 8 | The process of recording business transaction in the journal is called |
A. Posting
B. Journalizing
C. Classifying
D. Entry
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| 9 | 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
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| 10 | The balance of the trading account is the transferred to: |
A. Profit and loss account
B. Balance sheet
C. Work sheet
D. Position statement
|
Test Questions