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

This online test contains MCQs about following topics:

ICOM Part 1 Accounting Ch 1 Test
Start Accounting Ch 1 Test
ic

ICOM Part 1 English Medium Subjects

icon
Principles of Accounting
icon
Principles of Economics
icon
Principles of Commerce
icon
English
icon
Islamiat
icon
Business Mathematics
icon
Urdu

ICOM Part 1 Urdu Medium Subjects

icon
Urdu
icon
Business Mathematics
icon
Islamiat
icon
English
icon
Principles of Commerce
icon
Principles of Economics
icon
Principles of Accounting

MCQ's Test For Chapter 1 "Principles of accounting Icom Part 1 English Medium Chapter 1 Online Test"

Try The MCQ's Test For Chapter 1 "Principles of accounting Icom Part 1 English Medium Chapter 1 Online Test"

  • Total Questions15

  • Time Allowed20

Start Test Download PDF

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

00:00
Question # 1

The act result of the business activities is shown by:

Question # 2

A copy of the customer's account in the bank's ledger is called: 

Question # 3

Which of the following discloses the financial position of the business:

Question # 4

Cash paid to Naeem will affect

Question # 5

The recording of transaction chronologically in the book  of accounts is called:

Question # 6

A dealing between two persons is called a

Question # 7

How many categories of accounts are

Question # 8

Modern system of bookkeeping is

Question # 9

For every debit, there is a credit

Question # 10

The system of recording transaction based on dual concept is called

Question # 11

Journal shows all necessary information regarding.

Question # 12

Accounts relating to persons of firms are called:

Question # 13

The effect of drawing on accounting equation is

Question # 14

All cash purchases and cash sales are recorded in:

Question # 15

Disagreement in balances may arise owing to mistake or mistakes in the:

Submit

Prepare Complete Set Wise Chapter 1 "Principles of accounting Icom Part 1 English Medium Chapter 1 Online Test" MCQs Online With Answers


Topic Test

00:00
Submit
ic-science-white
Prin. of Accounting
1st Chapter

11th Principles of Accounting Chapter 1 Test

Here you can prepare 11th Principles of Accounting English Medium Chapter 1 Introduction Test. Click the button for 100% free full practice test.

Start Chapter 1 Test

Top Scorers Of Chapter 1 "Principles of accounting Icom Part 1 English Medium Chapter 1 Online Test" MCQ`s Test

  • M
    Musa Aziz 12 - May - 2026 02 Min 26 Sec 15/15
  • A
    Ayyan Shiekh 23 - Jun - 2026 01 Min 48 Sec 13/15
  • A
    Arzoo Qaiser 31 - Jan - 2026 02 Min 54 Sec 13/15
  • M
    malik abaid 22 - Jun - 2026 03 Min 02 Sec 13/15
  • M
    Maheen Saha 23 - Dec - 2024 02 Min 23 Sec 12/15
  • A
    Abaiad Raja 05 - Dec - 2024 00 Min 18 Sec 11/15
  • N
    Nainu Naina 23 - Jun - 2026 01 Min 37 Sec 11/15
  • A
    Abubaker 30 - Apr - 2026 02 Min 41 Sec 11/15
  • I
    iqra asim 24 - Apr - 2026 09 Min 43 Sec 11/15
  • A
    AYAAN IS HERE 23 - Oct - 2024 00 Min 06 Sec 10/15
  • L
    Laiba Sehar45 16 - Nov - 2024 02 Min 14 Sec 10/15
  • E
    Eishal Fatima 08 - Apr - 2026 02 Min 47 Sec 10/15
  • M
    Maqsood Ahmad 07 - Apr - 2026 06 Min 49 Sec 10/15
  • M
    muhammad Noman 21 - Oct - 2024 01 Min 20 Sec 9/15
  • M
    Muhammad Ubaid Azeem 22 - Jun - 2026 02 Min 00 Sec 9/15

ICom Part 1 Principles of Accounting Chapter 1 Important MCQ's

Sr.# Question Answer
1 The errors in which amount have occurred on the opposite sides of two or more accounts and have concealed themselves in the net result, are:
A. Error of principle
B. Errors of omission 
C. Errors of commission
D. Compensating error
2 Events which are related with money are called:
A. Monetary events
B. Non - monetary events
C. None-social events
D. Political events 
3 The recording of transaction chronologically in the book  of accounts is called:
A. Summarizing
B. Classifying
C. Recording
D. None of above
4 Ahmad's account is an example of
A. real account
B. personal A/c
C. nominal account
D. none of these
5 A dealing between two persons is called a
A. business
B. transaction
C. purchases
D. sales
6 Expenses paid by a business decrease
A. cash
B. capital
C. cash & capital
D. none of these
7 Accounts relating to persons of firms are called:
A. Real accounts
B. Proprietary accounts
C. Personal accounts
D. Nominal accounts
8 How many categories of accounts are
A. two
B. three
C. four
D. five
9 A copy of the customer's account in the bank's ledger is called: 
A. Deposit statement
B. Balance statement
C. Bank statement
D. Customer
10 Carriage account is a/an
A. asset account
B. revenue account
C. expenditure A/c
D. withdrawal account

Test Questions