11th Principles of Accounting Chapter 5 Test

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First Year Principles of Accounting Chapter 5 Online MCQ Test for 1st Year Principles of Accounting Chapter 5 (Ledger)

This online test contains MCQs about following topics:

Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test

Try the Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test.

  • Total Questions15

  • Time Allowed20

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. What is ledger . Features . Forms of ledger accounts . Posting procedure . Balancing an account . Normal balances . Posting procedure illustrated . self-balancing form of ledger account . Trail balance . Methods of preparing trail balance . Accounting cycle to the trial balance

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 5 Ledger Test. Click the button for 100% free full practice test.

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  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
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Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test (MCQs With Answers)

Sr. # Questions Answers Choice
1 The const concept applied only to the assets and not to: Expenses Liabilities Incomes None of these
2 Profit & Loss a/c is prepared to ascertain Gross Profit Net Profit Gross Loss Real Profit
3 The creditor of the business are called: Assets Liabilities Capital  Income
4 The account of depreciation of building of Rs. 30,000 at 5% p.a. will be Rs. 20,00 Rs. 15,00 Rs. 25,00 Rs. 5,00
5 Income tax paid is a Business Expense Business Revenue Business Liability Personal Expense
6 Assets come into existence upon the happening of a certain event, are called: Fixed assets Fictitious assets Floating assets Contingent assets
7 Interest on drawing is debited to Capital Drawings Sundry Creditors Outstanding expense
8 From business point of view, interest on capital is considered as An income An Expense A Profit A Liability
9 Gross profit represents Opening stock + purchases closing stock + direct expenses - sales closing stock-purchases-direct expenses + sales purchases - sales
10 Wages paid for installing a machine should be debited to Wages a/c Cash a/c Machinery a/c none of these
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