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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 Amount of salary paid to Sohail should be debited to
Question # 2
Book-keeping is mainly concerned with:
Question # 3
Journal is prepared in
Question # 4
The book use to record all credit purchases is called:
Question # 5
Bill receivable account is a:
Question # 6
In case of a debt becoming bad, the amount should be credited to
Question # 7
Journal means
Question # 8
The Principle book of accounts is
Question # 9
The expenditures which reduce revenue (profit) of the business are:
Question # 10
A Ledger is a book in which
Question # 11
In double entry system of bookkeeping every business transaction affects:
Question # 12
A transaction is recorded on the same days as its takes place, so journal is also called:
Question # 13
The statement which contains the explanation of different in cash book and bank statement is known as:
Question # 14
Trading account is the account which is prepared to determine the:
Question # 15
Transaction are recorded data wise, so journal is also called:
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 -
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 | Bill receivable account is a: |
A. Nominal account
B. Personal account
C. Real account
D. Expenses account
|
| 2 | The statement which contains the explanation of different in cash book and bank statement is known as: |
A. Bank statement
B. Cash statement
C. Balance statement
D. Bank reconciliation statement
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| 3 | Trading account is the account which is prepared to determine the: |
A. Only gross profit of the business
B. Only gross loss of the business
C. Gross pro0fit or the gross loss of the business
D. None of the above
|
| 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 | Contain all residual account |
A. Debtors Ledger
B. Creditors Ledger
C. General Ledger
D. Cash Ledger
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| 6 | 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
|
| 7 | Left hand side of an account is called |
A. Debit Side
B. Credit Side
C. Both a & b
D. None of these
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| 8 | Ledger Records Transaction in a/an |
A. Chronological Order
B. Daily order
C. Arithmetical Order
D. Analytical Order
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| 9 | Record of business transaction in the journal is called |
A. Detail
B. Summary
C. Narration
D. Entry
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| 10 | The Principle book of accounts is |
A. Journal
B. Ledger
C. Trial Balance
D. Balance Sheet
|
Test Questions