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This online test contains MCQs about following topics:
. Need and importance if accounting . Analysis of transactiions . Double entry system . Advantages of double entry system . SIngle entry system . Distinction between double entry system and single entry system . What is an account? . Classification of account . Rules for debiting and crediting . Explanation of rules
ICOM Part 1 Accounting Ch 3 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
Principles of accounting Icom Part 1 English Medium Chapter 3 Online Test
Try the Principles of accounting Icom Part 1 English Medium Chapter 3 Online Test.
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Total Questions15
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Time Allowed20
Principles of accounting Icom Part 1 English Medium Chapter 3 Online Test
00:00
Question # 1
When a drawer discounts a bill, he debits
Question # 2
How many parties are involved in case of Discounting of a bill ?
Question # 3
A Journal is generally kept on:
Question # 4
When is a drawee is declared insolvent which account is to be debited in the books of drawer
Question # 5
The person to whom bill is transferred will become
Question # 6
When an acceptor refuses to pay the amount of bill to the holder on its maturity date it is called
Question # 7
Interest on renewal of a bill is the expense of
Question # 8
When a drawee honours his acceptance, he will credit
Question # 9
Narration is always written:
Question # 10
A bill from the point of view of a debtor is called
Question # 11
Real accounts are related to:
Question # 12
The time after which the bill is to be paid
Question # 13
The act of withdrawing a bill of exchange from circulation when it had been paid before the due date
Question # 14
When bank column of a cash book shows a credit balance, it means:
Question # 15
Accommodation bills are drawn accepted and endorsed
11th Principles of Accounting Chapter 3 Test
Here you can prepare 11th Principles of Accounting English Medium Chapter 3 Analysis of Business Transactions and Double Entry System Test. Click the button for 100% free full practice test.
Top Scorers of Principles of accounting Icom Part 1 English Medium Chapter 3 Online Test
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U Usman 21 - May - 2024 00 Min 17 Sec 15/15 -
U usman saghir 25 - Apr - 2024 03 Min 20 Sec 15/15 -
M Muhammad Irfan 31 - Jan - 2024 02 Min 41 Sec 14/15 -
L laiba sehroosh 20 - May - 2024 03 Min 44 Sec 13/15 -
S Subhan Baig 19 - Jul - 2024 04 Min 02 Sec 13/15 -
K King Anas 29 - Apr - 2024 05 Min 00 Sec 13/15 -
A Abeer 06 - Feb - 2024 03 Min 10 Sec 12/15 -
D Dayyan Zakir 15 - Mar - 2024 03 Min 55 Sec 12/15 -
S Sania Butt 07 - Jun - 2024 08 Min 21 Sec 12/15 -
M Mr Khani 29 - Apr - 2024 03 Min 34 Sec 11/15 -
K kalsoom 11 - Jan - 2024 03 Min 36 Sec 11/15 -
W Waj Khan 15 - Dec - 2023 02 Min 55 Sec 10/15 -
M Moiz Mirza 26 - Apr - 2024 03 Min 08 Sec 10/15 -
M Maher Naveed 25 - Dec - 2023 03 Min 42 Sec 10/15 -
U uzma zubair 29 - Apr - 2024 06 Min 41 Sec 10/15
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Test Questions
