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.

Start Chapter 2 Test

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

Top Scorers Of Chapter 2 "Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test" MCQ`s Test

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

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
B

Binte Noman 03 - Jul - 2024 03 Min 31 Sec 11/15

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

Sr.#	Question	Answer
1	The book use to record all credit purchases is called:	A. Purchases book B. Purchase return book C. Cash book D. Creditor book
2	A schedule of balances of all accounts is called	A. Journal B. Ledger C. Balance Sheet D. Trial Balance
3	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
4	Transaction are recorded data wise, so journal is also called:	A. Entry book B. Transaction book C. Chronological book D. Voucher
5	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
6	The expenditures which reduce revenue (profit) of the business are:	A. Revenue expenditures B. Capital expenditure C. Fixed expenditures D. Future expenditures
7	Book-keeping is mainly concerned with:	A. Recording of business transactions B. Recording classifying and summarizing the recorded data C. Interpreting the recorded data D. None of the above
8	Bill receivable account is a:	A. Nominal account B. Personal account C. Real account D. Expenses account
9	Journal is prepared in	A. Columnar form B. Vertical form C. Horizontal form D. Row form
10	A bill of exchange is drawn by:	A. A debtor B. A creditor C. A holder D. Endorsee

Latest Educational News Stories

Pakistan's Largest Database of Colleges and Universities

BS Programs

University Past Papers

University Results

Exam Results 2024

Study Abroad Programs and Opportunities for Pakistani Students

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

ICOM Part 1 Urdu Medium Subjects

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

Contain all residual account

Ledger Records Transaction in a/an

Personal account are related to:

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

A Ledger is a book in which

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

In double entry system of bookkeeping every business transaction affects:

A trial balance can be constructed by

The Amount of salary paid to Sohail should be debited to

A schedule of balances of all accounts is called

All the transactions recorded to credit sales are recorded in:

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

The book use to record all credit purchases is called:

A transaction is recorded on the same days as its takes place, so journal is also called:

Trading account is the account which is prepared to determine the:

Prepare Complete Set Wise Chapter 2 "Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test" MCQs Online With Answers

Set 1

Set 2

Set 3

Topic Test

11th Principles of Accounting Chapter 2 Test

Top Scorers Of Chapter 2 "Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test" MCQ`s Test

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

Test Questions

Share your comments & questions here

zohaib hassan attari