11th class Principles of Accounting chapter 2 online mcq test with answers for I.Com part 1 Principles of Accounting chapter 2(Transactions and Accounting Equation)

2nd Chapter

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.

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Chapter 1

Chapter 2

Chapter 3

Chapter 4

Chapter 5

Chapter 6

Chapter 7

Chapter 8

Chapter 9

Chapter 10

Chapter 11

Chapter 12

Chapter 13

Chapter 14

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ICom Part 1 Principles of Accounting Chapter 2 Important MCQ's

Sr.#	Question	Answer
1	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
2	Transaction are recorded data wise, so journal is also called:	A. Entry book B. Transaction book C. Chronological book D. Voucher
3	The expenditures which reduce revenue (profit) of the business are:	A. Revenue expenditures B. Capital expenditure C. Fixed expenditures D. Future expenditures
4	Written below each entry is the	A. Transaction B. Voucher no C. Narration D. Date
5	Debit Signifies	A. Increase in Asset Account B. Decrease in Liability Account C. Decrease in Capital Account D. All of the Above
6	The process of recording business transaction in the journal is called	A. Posting B. Journalizing C. Classifying D. Entry
7	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
8	The book use to record all credit purchases is called:	A. Purchases book B. Purchase return book C. Cash book D. Creditor book
9	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
10	Journal is prepared in	A. Columnar form B. Vertical form C. Horizontal form D. Row form

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

ICOM Part 1 English Medium Subjects

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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

The Principle book of accounts is

A trial balance can be constructed by

The Amount of salary paid to Sohail should be debited to

Payment of Rs. 50 to Raheel as wages for repairing machine should be debited to

All the transactions recorded to credit sales are recorded in:

A table lost by fire should be debited to

Left hand side of an account is called

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

Personal account are related to:

Transaction are recorded data wise, so journal is also called:

Bill receivable account is a:

The first successful step of Double Entry System is

The book use to record all credit purchases is called:

In double entry system of bookkeeping every business transaction affects:

In case of a debt becoming bad, the amount should be credited to

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11th Principles of Accounting Chapter 2 Test

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ICom Part 1 Principles of Accounting Chapter 2 Important MCQ's

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