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)

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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	A Ledger is a book in which	A. Only Personal & Cash Accounts are Opened B. Only Real Accounts are Opened C. Only Nominal Accounts are Opened D. All Real, Nominal and Personal Accounts are Opened
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
3	Personal account are related to:	A. Assets and liabilities B. Expenses, losses C. Customers, creditors etc. D. Incomes
4	A bill of exchange is drawn by:	A. A debtor B. A creditor C. A holder D. Endorsee
5	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
6	Contain all residual account	A. Debtors Ledger B. Creditors Ledger C. General Ledger D. Cash Ledger
7	Bank account is a:	A. Personal account B. Real account C. Nominal account D. None of these
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 process of recording business transaction in the journal is called	A. Posting B. Journalizing C. Classifying D. Entry
10	Record of business transaction in the journal is called	A. Detail B. Summary C. Narration D. Entry

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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)

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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

Which of the following normally has a credit balance

Bill receivable account is a:

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:

A Ledger is a book in which

Left hand side of an account is called

The first successful step of Double Entry System is

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

Ledger Records Transaction in a/an

Personal account are related to:

The book use to record all credit purchases is called:

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

The expenditures which reduce revenue (profit) of the business are:

Journal means

Salary outstanding account relevant 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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