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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
The process of recording business transaction in the journal is called
Question # 2
In case of a debt becoming bad, the amount should be credited to
Question # 3
The first successful step of Double Entry System is
Question # 4
Bill receivable account is a:
Question # 5
The statement which contains the explanation of different in cash book and bank statement is known as:
Question # 6
Debit Signifies
Question # 7
Book-keeping is mainly concerned with:
Question # 8
All the transactions recorded to credit sales are recorded in:
Question # 9
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 # 10
The balance of the trading account is the transferred to:
Question # 11
A Ledger is a book in which
Question # 12
The Principle book of accounts is
Question # 13
Written below each entry is the
Question # 14
A transaction is recorded on the same days as its takes place, so journal is also called:
Question # 15
Journal means
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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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 -
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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 | Contain all residual account |
A. Debtors Ledger
B. Creditors Ledger
C. General Ledger
D. Cash Ledger
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| 2 | 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
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| 3 | Salary outstanding account relevant to: |
A. Representative personal account
B. Artificial person's account
C. Natural persons account
D. Nominal accounts
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| 4 | Debit Signifies |
A. Increase in Asset Account
B. Decrease in Liability Account
C. Decrease in Capital Account
D. All of the Above
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| 5 | A schedule of balances of all accounts is called |
A. Journal
B. Ledger
C. Balance Sheet
D. Trial Balance
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| 6 | A transaction is recorded on the same days as its takes place, so journal is also called: |
A. A day book
B. A history book
C. An entry book
D. Ledger book
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| 7 | Transaction are recorded data wise, so journal is also called: |
A. Entry book
B. Transaction book
C. Chronological book
D. Voucher
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| 8 | Journal is prepared in |
A. Columnar form
B. Vertical form
C. Horizontal form
D. Row form
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| 9 | 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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| 10 | Bill receivable account is a: |
A. Nominal account
B. Personal account
C. Real account
D. Expenses account
|
Test Questions