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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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Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test

Try the 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

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

Question # 2

Journal is prepared in

Question # 3

Debit Signifies

Question # 4

Personal account are related to:

Question # 5

A Ledger is a book in which

Question # 6

Bill receivable account is a:

Question # 7

The Amount of salary paid to Sohail should be debited to

Question # 8

 Salary outstanding account relevant to:

Question # 9

If the total of the credit side of an account exceeds that of debit side of the same account, it is called

Question # 10

Ledger Records Transaction in a/an

Question # 11

The Principle book of accounts is

Question # 12

Journal means

Question # 13

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

Question # 14

Which of the following normally has a credit balance

Question # 15

Contain all residual account

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