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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"
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Total Questions15
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Time Allowed20
Principles of Accounting Icom Part 2 English Medium Chapter 1 Online Test
00:00
Question # 1
Not worth method is equal to.
Question # 2
Single entery system is most suitbale where
Question # 3
Bills payable issued durint the period must be debited to total creditors account credited to.
Question # 4
The fingure of bills payable is worked out by preparing the.
Question # 5
Closing capital in single entry system is calculated by preparing,
Question # 6
Acceptance received durinthe period must be debited to bills receivable account and credited to.
Question # 7
Under single entery system informatoin relating to expenses must be ascertained from the analysis of.
Question # 8
Cash received from the debtors can be find out by preparing.
Question # 9
In single entry system both the aspects, debit and credit of a transaction are not recorded soit is.
Question # 10
The Closing Capital is worked out by preparing the.
Question # 11
North worth of an organizaton means the excess of its total assets over total.
Question # 12
Arithmetical accuracy of the books of accounts cannot be checked under.
Question # 13
Opening capital is calculated by taking the difference between,
Question # 14
We cannot prepare the trial balance and precise balance sheet under,
Question # 15
Double entry system means
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
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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 | In single entry it is not possible to prepare |
A. Trial balance
B. Trading account
C. Profit and loss account
D. Balance sheet
|
| 2 | In single entry system both the aspects, debit and credit of a transaction are not recorded soit is. |
A. Incomplete and unscientific
B. Complete and scientific
C. Incompleted and scientific
D. Complete and unscientific
|
| 3 | Closing capital in single entry system is calculated by preparing, |
A. Opening statement of affairs
B. Closing statement of affairs
C. Opening balance sheet
D. Closing balance sheet
|
| 4 | In case of dissolution, assets sold for cash are debited to. |
A. Realization account
B. Cash account
C. Assets account
D. None of these
|
| 5 | The system in whihc accounting records are not kept strictly according to the double entery principle of book keeping is called. |
A. Single , entery system
B. Accrual system
C. Double enterysystem
D. Cash system
|
| 6 | How many methods are available to calculate the profit or loss under single entry system, |
A. One
B. Two
C. Three
D. Four
|
| 7 | Arithmetical accuracy of the books of accounts cannot be checked under. |
A. Single Entry system
B. Double entery system
C. None entery system
D. Both a and b
|
| 8 | 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
|
| 9 | Single entry systme can bot be maintained by. |
A. Sole owner
B. Partnership concern
C. Joint stock companies
D. All of the above
|
| 10 | 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
|
Test Questions
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APURBA MAZUMDER
15 Aug 2019nice
Pakeeza
05 May 2019I choose my subjects in urdu kIndly Qiuz from urdu
Ghulam Ali
29 Mar 2019best knowledge
gulfaraz
15 Feb 2016Good Work