.jpg)
Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
.gif)
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"
-
Total Questions15
-
Time Allowed20
Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test
00:00
Question # 1
Book-keeping is mainly concerned with:
Question # 2
The book use to record all credit purchases is called:
Question # 3
A schedule of balances of all accounts is called
Question # 4
Debit Signifies
Question # 5
Transaction are recorded data wise, so journal is also called:
Question # 6
Left hand side of an account is called
Question # 7
The Amount of salary paid to Sohail should be debited to
Question # 8
The expenditures which reduce revenue (profit) of the business are:
Question # 9
Record of business transaction in the journal is called
Question # 10
Journal means
Question # 11
A trial balance can be constructed by
Question # 12
Which of the following normally has a credit balance
Question # 13
A table lost by fire should be debited to
Question # 14
Bank account is a:
Question # 15
Trading account is the account which is prepared to determine the:
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
-
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 | A schedule of balances of all accounts is called |
A. Journal
B. Ledger
C. Balance Sheet
D. Trial Balance
|
| 2 | In case of a debt becoming bad, the amount should be credited to |
A. Debtor's a/c
B. Bad Debts a/c
C. Sales a/c
D. cash a/c
|
| 3 | In double entry system of bookkeeping every business transaction affects: |
A. Debit or credit side of the same account
B. Two accounts
C. The same side of the same account
D. None of the above
|
| 4 | Debit Signifies |
A. Increase in Asset Account
B. Decrease in Liability Account
C. Decrease in Capital Account
D. All of the Above
|
| 5 | Record of business transaction in the journal is called |
A. Detail
B. Summary
C. Narration
D. Entry
|
| 6 | Written below each entry is the |
A. Transaction
B. Voucher no
C. Narration
D. Date
|
| 7 | Left hand side of an account is called |
A. Debit Side
B. Credit Side
C. Both a & b
D. None of these
|
| 8 | Journal is prepared in |
A. Columnar form
B. Vertical form
C. Horizontal form
D. Row form
|
| 9 | Personal account are related to: |
A. Assets and liabilities
B. Expenses, losses
C. Customers, creditors etc.
D. Incomes
|
| 10 | A trial balance can be constructed by |
A. Three Methods
B. Two Methods
C. Four Methods
D. Five Methods
|
Test Questions
Share your comments & questions here
zohaib hassan attari
11 Dec 2018plz mairi achi si tiari karwa dy ham ny buht mushkil fees pay ki hy mujhy achi tarha entris sikha dy