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

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	We cannot prepare the trial balance and precise balance sheet under,	A. Single entry system B. Double entry system C. "a" and "b" D. Barter system
2	Single entery system is most suitbale where	A. Credit transactions are numerous. B. Cash transactions are numerous C. Cahs and credit transactions both are numerios D. None of the above
3	In single entry system nominal accounts and some assets accounts balances are not available so it is not possible to prepare,	A. Debtors account B. Creditors account C. Trial balance D. Statement of affairs
4	The Closing Capital is worked out by preparing the.	A. Opening statement of affair B. Closing statement of affiar C. Cash book D. Balance sheet
5	North worth of an organizaton means the excess of its total assets over total.	A. Liabilities B. Income C. Expenses D. None of the above
6	Single entry system is generally adopted by,	A. Small business concerns B. Large business concerns C. Medium business concerns D. All of the above
7	To calculate the true net profit or net loss in single entry system it is necessary that the amount of fresh capital should be subtracted from,	A. Adjusted closing capital B. Closing capital C. Cash in hand D. Cash at bank
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	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
10	In single entry system,	A. Personal accounts are maintained B. Real accounts are maintained C. Nominal accounts are maintained D. None of the above

Latest Educational News Stories

Pakistan's Largest Database of Colleges and Universities

BS Programs

University Past Papers

University Results

Exam Results 2024

Study Abroad Programs and Opportunities for Pakistani Students

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

Acceptance received durinthe period must be debited to bills receivable account and credited to.

A statement of assets and liabilities is prepared under the single entery system is called.

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

The opening capitla is ascertained by preparing.

In single entry system nominal accounts and some assets accounts balances are not available so it is not possible to prepare,

In increased net worth method, profit or loss is calculated by preparing,

Cash book is prepared to find out the figure of.

In single entry system,

The Closing Capital is worked out by preparing the.

The closing balance of trade debtors can be located from.

Bills payable issued durint the period must be debited to total creditors account credited to.

Single entry systme can bot be maintained by.

In single entery system only.

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

The system in whihc accounting records are not kept strictly according to the double entery principle of book keeping is called.

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

Set 1

Set 2

Set 3

Set 4

Topic Test

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

Test Questions

Is this page helpful?

Share your comments & questions here

APURBA MAZUMDER

Pakeeza

Ghulam Ali

gulfaraz