12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 1 (Accounts from Incomplete Records)

ICOM Part 2 English Medium Principles of Accounting Chapter 1 MCQ's Test

Start Chapter 1 Test

ICOM Part 2 Principles of Accounting Chapter Wise Online MCQ's Test

MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 1 Online Test"

Try The MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 1 Online Test"

  • Total Questions15

  • Time Allowed20

Start Test Download PDF

Principles of Accounting Icom Part 2 English Medium Chapter 1 Online Test

00:00
Question # 1

North worth of an organizaton means the excess of its total assets over total.

Question # 2

Under single entery system informatoin relating to expenses must be ascertained from the analysis of.

Question # 3

Cash paid to creditors can be woked out from.

Question # 4

Single entry system is generally adopted by,

Question # 5

According to companies ordinance, single entry system cannot be adopted by,

Question # 6

Both aspects of a transaction must be recorded in,

Question # 7

Single entry system is suitable where,

Question # 8

Arithmetical accuracy of the books of accounts cannot be checked under.

Question # 9

Single entry system contains,

Question # 10

The closing balance of trade debtors can be located from.

Question # 11

Double entry system means

Question # 12

Teh single entry system of book keeping is generay followed by

Question # 13

The figure of the bills receivable can be worked out from.

Question # 14

In single entery system only.

Question # 15

Closing capital in single entry system is calculated by preparing,

Submit

Prepare Complete Set Wise Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 1 Online Test" MCQs Online With Answers


Topic Test

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

ICOM Part 2 English Medium Principles of Accounting Chapter 1 MCQ's Test

Top Scorers Of Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 1 Online Test" MCQ`s Test

  • T
    Taiba Siddique 04 - Jun - 2024 00 Min 16 Sec 15/15
  • W
    Waiz Sharif 17 - Dec - 2024 01 Min 19 Sec 15/15
  • T
    Tariq Mohmood 03 - Nov - 2024 01 Min 55 Sec 14/15
  • F
    Fazilat Official 05 - Dec - 2025 02 Min 00 Sec 14/15
  • I
    ikram ullah 22 - Nov - 2024 07 Min 39 Sec 14/15
  • A
    adina waqas 05 - Dec - 2024 02 Min 37 Sec 13/15
  • R
    Rabail Fizza 21 - Sep - 2025 22 Min 03 Sec 13/15
  • Y
    youth flavour 14 - Dec - 2024 03 Min 37 Sec 12/15
  • F
    Fatima Waseem 09 - Dec - 2024 03 Min 54 Sec 12/15
  • M
    Mehwish Mughal 29 - Oct - 2024 06 Min 17 Sec 12/15
  • M
    Malaika MA 03 - Aug - 2024 02 Min 33 Sec 11/15
  • M
    Maryam Nazar 23 - Apr - 2026 02 Min 55 Sec 11/15
  • F
    Fatima Akram 11 - Oct - 2024 03 Min 00 Sec 11/15
  • A
    Ali Shah 24 - Nov - 2024 03 Min 48 Sec 11/15
  • T
    Three CZNs 18 - Sep - 2024 26 Min 45 Sec 11/15

ICom Part II Principles of Accounting Chapter 0 Important MCQ's

Sr.# Question Answer
1 Single entry system is generally adopted by,
A. Small business concerns
B. Large business concerns
C. Medium business concerns
D. All of the above
2 Not worth method is equal to.
A. Liabilities - assets
B. Assets- liabilities
C. Capital + assets
D. None of these
3 Due to fresh capital introduced during the year, the closing capital will,
A. Increase
B. Decrease
C. Constant
D. Multiply
4 The figure of the bills receivable can be worked out from.
A. Total debtors account
B. Total creditors account
C. Trail balance
D. Balance sheet
5 In single entery system only.
A. Personal account are maintained
B. Real account are maintained
C. Nominal accounts are maintained
D. None of the above
6 In cash of net worth method of sigle entery system net profikt is ascertained by.
A. Prepareing the trading and profit and account
B. By cimparing the capitals in the beginning and at the end of the accounting period.
C. Capital closing + Drawing - fresh capital - opening capital
D. Capital opening+ Drawing - fresh capital-closing stock
7 How many mathods are available to calculate the profit or loss under single entery system.
A. One
B. Two
C. Three
D. Four
8 Opening capital is calculated by taking the difference between,
A. Opening assets and closing assets
B. Opening assets and closing liabilities
C. Opening assets and Opening liabilities
D. Closing assets and closing liabilities
9 Due to drawings made during the year, the closing capital will,
A. Increase
B. Decrease
C. Constant
D. Multiply
10 The opening and closing balance of bills Receivable can be calculated by preparing the.
A. Total debtors accounts
B. Total creditors account
C. Bills Recivable accounts
D. Salaes accounts

Test Questions