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.

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

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

Sr. # Questions Answers Choice
1 The accounts of expenses, incomes, losses and gains
  • A. real accounts
  • B. valuation accounts
  • C. nominal accounts
  • D. personal accounts
2 Ahmad's account is an example of
  • A. real account
  • B. personal A/c
  • C. nominal account
  • D. none of these
3 Cash paid to Naeem will affect
  • A. cash & capital
  • B. cash & creditor
  • C. cash and debtors
  • D. cash & goods
4 The system of recording transaction based on dual concept is called
  • A. Double account system
  • B. Double entry system
  • C. Single entry system
  • D. Management system
5 A basis of business languages
  • A. accounting
  • B. bookkeeping
  • C. transaction
  • D. cost accounting
6 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
7 Purchased goods on credit and for cash will affect
  • A. cash & goods
  • B. cash & creditors
  • C. cash creditors & owner's equity
  • D. cash goods and creditors
8 Error due to wrong allocation as expenditure between capital and revenue is regarded as:
  • A. Error of omission
  • B. Error of principle 
  • C. Compensating errors
  • D. Error of Commission
9 Carriage account is a/an
  • A. asset account
  • B. revenue account
  • C. expenditure A/c
  • D. withdrawal account
10 The act result of the business activities is shown by:
  • A. Profit and loss account
  • B. Profit  and loss appropriation account
  • C. Trading account
  • D. Balance sheet

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

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Talal Buledi

Lahore14 - Mar - 2025

15/15
03 Mins 55 Sec
T

Talal Buledi

Lahore14 - Mar - 2025

15/15
05 Mins 23 Sec
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Talal Buledi

Lahore14 - Mar - 2025

15/15
05 Mins 23 Sec
D

Danish Rafiq

Lahore21 - Apr - 2025

14/15
02 Mins 40 Sec
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Noor Fatima

Lahore02 - May - 2025

14/15
02 Mins 51 Sec
T

Talal Buledi

Lahore14 - Mar - 2025

14/15
03 Mins 55 Sec
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Talal Buledi

Lahore14 - Mar - 2025

14/15
03 Mins 55 Sec
S

Sajjad M

Lahore10 - Mar - 2025

14/15
05 Mins 06 Sec
T

Talal Buledi

Lahore14 - Mar - 2025

14/15
05 Mins 23 Sec
T

Talal Buledi

Lahore14 - Mar - 2025

14/15
05 Mins 23 Sec
T

Talal Buledi

Lahore14 - Mar - 2025

14/15
05 Mins 23 Sec
T

Talal Buledi

Lahore14 - Mar - 2025

14/15
05 Mins 23 Sec
T

Talal Buledi

Lahore14 - Mar - 2025

14/15
05 Mins 23 Sec
M

Mehak Khan

Lahore15 - Mar - 2025

13/15
01 Mins 23 Sec
T

Talal Buledi

Lahore14 - Mar - 2025

13/15
03 Mins 55 Sec

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