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

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

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youth flavour 14 - Dec - 2024 03 Min 37 Sec 12/15
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Malaika MA 03 - Aug - 2024 02 Min 33 Sec 11/15
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Maryam Nazar 23 - Apr - 2026 02 Min 55 Sec 11/15
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ICom Part II Principles of Accounting Chapter 0 Important MCQ's

Sr.#	Question	Answer
1	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
2	Due to fresh capital introduced during the year, the closing capital will,	A. Increase B. Decrease C. Constant D. Multiply
3	The fingure of bills payable is worked out by preparing the.	A. Total debtors account B. Total creditors account C. Cash book D. Balance sheet
4	Single entry systme can bot be maintained by.	A. Sole owner B. Partnership concern C. Joint stock companies D. All of the above
5	The closing balance of trade debtors can be located from.	A. Total debtors account B. Balance sheet C. Bils receivable account D. Cash book
6	To calculate the value of capital both at the beginning and at the end of year in single entry system we prepare,	A. Balance sheet B. Trading account C. Trial balance D. Statement of affairs
7	Cash book is prepared to find out the figure of.	A. Opening capital B. Crosing cash balance C. Net profit D. Finaincial position
8	In single entry system,	A. Personal accounts are maintained B. Real accounts are maintained C. Nominal accounts are maintained D. None of the above
9	Single entry system is suitable where,	A. Small amount of cash transactions are more B. Large amount of cash transaction are more C. Smallamount of cash transaction are more D. Largeamount of cash transaction are more
10	How many methods are available to calculate the profit or loss under single entry system,	A. One B. Two C. Three D. Four

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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

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"

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

In cash of net worth method of sigle entery system net profikt is ascertained by.

We cannot prepare the trial balance and precise balance sheet under,

In case of dissolution, assets sold for cash are debited to.

In single entry system both the aspects, debit and credit of a transaction are not recorded soit is.

Cash paid to creditors can be woked out from.

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

In single entery system only.

In single entry system,

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

Single entery system is most suitbale where

The opening and closing balance of bills Receivable can be calculated by preparing the.

Bad debt written off always affect the

In appearance, the statement of affairs, is similar to a.

To calculate the value of capital both at the beginning and at the end of year in single entry system we prepare,

Closing capital in single entry system is calculated by preparing,

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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

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

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