11th Principles of Accounting Chapter 3 Test

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First Year Principles of Accounting Chapter 3 Online MCQ Test for 1st Year Principles of Accounting Chapter 3 (Analysis of Business Transactions and Double Entry System)

This online test contains MCQs about following topics:

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.

  • Total Questions15

  • Time Allowed20

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. 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

ClassName Chapter Wise Test

Here is List Of ClassName Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Answers Mode Launch Test
1 Principles of accounting Icom Part 1 English Medium Online Test 396 Download PDF MCQ Answers Launch Test
1 Principles of accounting Icom Part 1 English Medium Chapter 1 Online Test 35 Download PDF MCQ Answers Launch Test
2 Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test 36 Download PDF MCQ Answers Launch Test
3 Principles of accounting Icom Part 1 English Medium Chapter 3 Online Test 35 Download PDF MCQ Answers Launch Test
4 Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test 35 Download PDF MCQ Answers Launch Test
5 Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test 35 Download PDF MCQ Answers Launch Test
6 Principles of accounting Icom Part 1 English Medium Chapter 6 Online Test 35 Download PDF MCQ Answers Launch Test
7 Principles of accounting Icom Part 1 English Medium Chapter 7 Online Test 18 Download PDF MCQ Answers Launch Test
8 Principles of accounting Icom Part 1 English Medium Chapter 8 Online Test 25 Download PDF MCQ Answers Launch Test
9 Principles of accounting Icom Part 1 English Medium Chapter 9 Online Test 25 Download PDF MCQ Answers Launch Test
10 Principles of accounting Icom Part 1 English Medium Chapter 10 Online Test 25 Download PDF MCQ Answers Launch Test
11 Principles of accounting Icom Part 1 English Medium Chapter 11 Online Test 22 Download PDF MCQ Answers Launch Test
12 Principles of accounting Icom Part 1 English Medium Chapter 12 Online Test 20 Download PDF MCQ Answers Launch Test
13 Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test 25 Download PDF MCQ Answers Launch Test
14 Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test 25 Download PDF MCQ Answers Launch 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.

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Principles of accounting Icom Part 1 English Medium Chapter 3 Online Test (MCQs With Answers)

Sr. # Questions Answers Choice
1 When a drawer discounts a bill, he debits Bank Account Interest Account Drawee Account Bill Receivable Account
2 A bill of exchange is drawn by Debtor Creditor Endorser Endorsee
3 A bank reconciliation statement is  prepared by: banker Accountant of the business Statutory auditors Rigistar
4 All those expenses which are incurred to convert raw-materials into finished goods are called: Direct expenses Indirect expenses Administrative expenses Sales expenses
5 A bill from the point of view of a debtor is called Bill Acceptable Bill Receivable Bill Payable None of these
6 Accommodation bills are drawn accepted and endorsed Without any Consideration for some Consideration for Quarter Consideration none of the above
7 Subsidiary books are called the book of: Original entry Secondary entry Temporary entry Basic entry
8 The transaction for which non separate book is maintained are recorded in: Journal proper Bills receivable book Bills payable book Cash book
9 Interest on renewal of a bill is the expense of  Drawer Drawee Holder Endorsee
10 The act of withdrawing a bill of exchange from circulation when it had been paid before the due date Renewal of a Bill Discounting of a Bill Endorsement of a Bill Retiring of a Bill
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