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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"
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Total Questions15
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Time Allowed20
Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test
00:00
Question # 1
In case of a debt becoming bad, the amount should be credited to
Question # 2
The expenditures which reduce revenue (profit) of the business are:
Question # 3
A Ledger is a book in which
Question # 4
A bill of exchange is drawn by:
Question # 5
Journal means
Question # 6
Left hand side of an account is called
Question # 7
Written below each entry is the
Question # 8
Trading account is the account which is prepared to determine the:
Question # 9
Book-keeping is mainly concerned with:
Question # 10
Which of the following normally has a credit balance
Question # 11
The Amount of salary paid to Sohail should be debited to
Question # 12
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
Question # 13
In double entry system of bookkeeping every business transaction affects:
Question # 14
Personal account are related to:
Question # 15
All the transactions recorded to credit sales are recorded in:
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
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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 -
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M Muhammad kashif shakoor 06 - Jun - 2024 02 Min 44 Sec 13/15 -
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H Huzaifa Muzammil 29 - Oct - 2025 00 Min 23 Sec 12/15 -
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M Muhammad Naseem 15 - Nov - 2024 01 Min 43 Sec 11/15 -
N Nanik Chand 01 - Jun - 2024 03 Min 16 Sec 11/15
ICom Part 1 Principles of Accounting Chapter 2 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Personal account are related to: |
A. Assets and liabilities
B. Expenses, losses
C. Customers, creditors etc.
D. Incomes
|
| 2 | A schedule of balances of all accounts is called |
A. Journal
B. Ledger
C. Balance Sheet
D. Trial Balance
|
| 3 | The Principle book of accounts is |
A. Journal
B. Ledger
C. Trial Balance
D. Balance Sheet
|
| 4 | 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 |
A. قانون تقلیل افادہ مختتم
B. قانون مساوی افادہ مختتم
C. قانون طلب
D. قانون تقلیل حاصل
|
| 5 | Written below each entry is the |
A. Transaction
B. Voucher no
C. Narration
D. Date
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| 6 | 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
|
| 7 | Left hand side of an account is called |
A. Debit Side
B. Credit Side
C. Both a & b
D. None of these
|
| 8 | 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
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| 9 | The book use to record all credit purchases is called: |
A. Purchases book
B. Purchase return book
C. Cash book
D. Creditor book
|
| 10 | Journal is prepared in |
A. Columnar form
B. Vertical form
C. Horizontal form
D. Row form
|
Test Questions