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11th Class Principles of Accounting Test

Here you can prepare 11th Class Principles of Accounting English Medium Test. Click the button for 11th Class Principles of Accounting English Medium 100% free full practice test.

11th Class I.Com Part 1 Principles of Accounting MCQ Test With Answer for Principles of Accounting Full Book

Principles of accounting are the main subject for the I.com students. There are general rules and concepts that governor the field of accounting.

Ilmkidunya provides the great opportunity to the students to provide the latest outline of the paper. This Principle of accounting online test makes the students more competent and proficient on the theory of the book. Objective is the essential part of the paper. There is 20% paper consist of the objective. If the students want to get the good grades, the students have to solve this part.

ICOM Part 1 Accounting Test
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Thousands of question is made by the professional and expert teachers. Students can easily get grasp on all the theory and objective as well. After attempting this MCQ online test, students are able to well perform in the papers and pass the exams with brilliant success. Students can also judge their ability and skills after solving the test. Students can do this online test many times until they make sure about the accuracy of the test.

In this online test we come to know the overall rules –referred to as basic accounting principles and rules Principles of accounting online test students can get grip on the introduction to accounting basics, Blance sheet Assets, balance sheet liabilities and stock holder equities, statements on cash flows, double entry system sample transition no. it is advised to the students to solve this online test to get good grades in the exams.

Top Scorers of Principles of accounting Icom Part 1 English Medium Online Test

W

W King

Lahore23 - Mar - 2024

15/15
05 Mins 55 Sec
A

Aziz

Lahore19 - Mar - 2024

15/15
07 Mins 25 Sec
S

S.M.ABDULLAH SHAH

Lahore02 - Feb - 2024

14/15
42 Sec
W

W King

Lahore23 - Mar - 2024

14/15
05 Mins 55 Sec
U

Umar Noul

Jhang22 - Mar - 2024

12/15
03 Mins 52 Sec
U

Umar Noul

Jhang22 - Mar - 2024

12/15
03 Mins 52 Sec
K

Kalsoom

Lahore11 - Jan - 2024

12/15
04 Mins
A

Aziz

Lahore19 - Mar - 2024

12/15
05 Mins 17 Sec
U

Umar Noul

Jhang22 - Mar - 2024

11/15
03 Mins 52 Sec
W

W King

Lahore23 - Mar - 2024

11/15
05 Mins 55 Sec
S

Shah Faisal

Lahore08 - Feb - 2024

11/15
06 Mins 20 Sec
D

Dawood Khan

Lahore10 - Jan - 2024

11/15
09 Mins 57 Sec
A

Aaaa

Lahore24 - Mar - 2024

10/15
02 Mins 32 Sec
A

Abdul Rahman

Lahore18 - Mar - 2024

10/15
02 Mins 41 Sec
T

Tariq Mohmood

Lahore23 - Mar - 2024

10/15
03 Mins 05 Sec

11th Class I.Com Part 1 Principles of Accounting MCQ Test With Answer for Principles of Accounting Full Book

Sr. # Questions Answers Choice
1 Expenditure is revenue expenditure because
  • A. It is intended to benefit the current period
  • B. The amount involved is small
  • C. It is deducted from the gross sale proceeds
  • D. None of these
2 All the transactions recorded to credit sales are recorded in:
  • A. Sale return book
  • B. Sales book
  • C. Cash book
  • D. Debtor's book
3 Expenditure is a capital expenditure because
  • A. The amount involved is heavy
  • B. It is the personal expenditure of the owner out of his capital
  • C. It is intended to benefit the future period
  • D. It is a recurring expenditure
4 It is prepared to determine the net profit or net loss
  • A. Trading account
  • B. Profit or loss account
  • C. Cash book
  • D. Balance sheet
5 An expenditure, which is non-recurring and irregular is called
  • A. Capital expenditure
  • B. Revenue expenditure
  • C. Short-term expenditure
  • D. Current expenditure
6 The capital profit should be transferred to:
  • A. Profit and loss account
  • B. Trading account
  • C. Balance Sheet
  • D. Both Trading and profit and loss account and balance sheet
7 All the time of endorsement of a bill the drawer credits:
  • A. The drawee account
  • B. The endorser's personal account
  • C. Bill receivable account
  • D. Endorser's account
8 A balance sheet is a
  • A. Statement of income and expenditure
  • B. Statement of debtors and creditors
  • C. Financial statement of a business on a particular date
  • D. Statement of profit earned by a busniess
9 Wages paid for installing a machine should be debited to
  • A. Wages a/c
  • B. Cash a/c
  • C. Machinery a/c
  • D. none of these
10 Income tax paid is a
  • A. Business Expense
  • B. Business Revenue
  • C. Business Liability
  • D. Personal Expense

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    21 Dec 2019

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    Bro

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