Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
.gif)
This online test contains MCQs about following topics:
ICOM Part 1 Accounting Ch 1 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
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
Principles of accounting Icom Part 1 English Medium Chapter 1 Online Test
00:00
Question # 1
Accounting principles can be classified in
Question # 2
A dealing between two persons is called a
Question # 3
The recording of transaction chronologically in the book of accounts is called:
Question # 4
Purchased goods on credit and for cash will affect
Question # 5
Accounting records of a business enterprise are required by
Question # 6
According to accounting equation, capital is equal to
Question # 7
An expenditure incurred to the increases the profit earning of the concern is a:
Question # 8
Bookkeeping provides the
Question # 9
The act result of the business activities is shown by:
Question # 10
Disagreement in balances may arise owing to mistake or mistakes in the:
Question # 11
Carriage account is a/an
Question # 12
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:
Question # 13
The accounts of assets and properties
Question # 14
How many categories of accounts are
Question # 15
Double entry means
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.
Top Scorers Of Chapter 1 "Principles of accounting Icom Part 1 English Medium Chapter 1 Online Test" MCQ`s Test
-
A Arfan Rat 15 - Aug - 2024 01 Min 00 Sec 15/15 -
W White Ninja yt 05 - Oct - 2024 01 Min 29 Sec 15/15 -
H Haniya Ali 02 - Oct - 2024 02 Min 08 Sec 15/15 -
M Musa Aziz 12 - May - 2026 02 Min 26 Sec 15/15 -
A Arzoo Qaiser 31 - Jan - 2026 02 Min 54 Sec 13/15 -
S Saram Butt 16 - Oct - 2024 01 Min 25 Sec 12/15 -
M Maheen Saha 23 - Dec - 2024 02 Min 23 Sec 12/15 -
A Anam Toqeer 03 - Oct - 2024 02 Min 43 Sec 12/15 -
A Abaiad Raja 05 - Dec - 2024 00 Min 18 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 -
Y Yahya Albalochi 18 - Oct - 2024 03 Min 30 Sec 10/15
ICom Part 1 Principles of Accounting Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | When cash is paid to creditors it will decrease |
A. cash
B. capital
C. debtor
D. cash & creditors
|
| 2 | According to accounting equation, capital is equal to |
A. assets + liabilities
B. expenses-incomes
C. liabilities - assets
D. assets - liabilities
|
| 3 | A dealing between two persons is called a |
A. business
B. transaction
C. purchases
D. sales
|
| 4 | Accounting records of a business enterprise are required by |
A. management of the business
B. outsiders
C. all of the above
D. none of the above
|
| 5 | All cash purchases and cash sales are recorded in: |
A. Sales book
B. Purchases book
C. Both a & b
D. Cash book
|
| 6 | For every debit, there is a credit |
A. going concern concept
B. dual aspect concept
C. matching concept
D. cost concept
|
| 7 | Accounts relating to persons of firms are called: |
A. Real accounts
B. Proprietary accounts
C. Personal accounts
D. Nominal accounts
|
| 8 | Double entry means |
A. entry in two sets of books
B. entry at two dates
C. entry for two aspects of a transaction
D. recording twice in journal
|
| 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 | Cash paid to Naeem will affect |
A. cash & capital
B. cash & creditor
C. cash and debtors
D. cash & goods
|
Test Questions
Share your comments & questions here
AMJAD ALI
23 Mar 2019awsome website and also informative
Ali
13 Feb 2019effectiive site
Haider Ali
26 Feb 2017best site 4 preparatiob of tests
javed ahmed
09 Apr 2016good site for preparation for any test