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

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  • Available questions36
  • Chapter Name2

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

  • Total Questions15

  • Time Allowed20

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

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Question # 1

Ledger Records Transaction in a/an

Question # 2

A bill of exchange is drawn by:

Question # 3

The first successful step of Double Entry System is

Question # 4

The book use to record all credit purchases is called:

Question # 5

Left hand side of an account is called

Question # 6

Contain all residual account

Question # 7

Bill receivable account is a:

Question # 8

The process of recording business transaction in the journal is called

Question # 9

A table lost by fire should be debited to

Question # 10

Bank account is a:

Question # 11

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

Question # 12

The Amount of salary paid to Sohail should be debited to

Question # 13

A transaction is recorded on the same days as its takes place, so  journal is also called:

Question # 14

Record of business transaction in the journal is called

Question # 15

The balance of the trading account is the transferred to:

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