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

Cash paid to creditors can be woked out from.

Question # 2

The Closing Capital is worked out by preparing the.

Question # 3

In single entery system only.

Question # 4

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

Question # 5

Bad debt written off always affect the

Question # 6

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

Question # 7

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

Question # 8

How many methods are available to calculate the profit or loss under single entry system,

Question # 9

In single entrey system statements of assets and liabilities is called.

Question # 10

Not worth method is equal to.

Question # 11

Due to drawings made during the year, the closing capital will,

Question # 12

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

Question # 13

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

Question # 14

Cash received from the debtors can be find out by preparing.

Question # 15

The closing balance of trade debtors can be located from.

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

  • 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
  • T
    Tayyba Noor 04 - Oct - 2026 04 Min 01 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
  • S
    Saad Javed 15 - Oct - 2026 07 Min 18 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

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

Sr.# Question Answer
1 The figure of the credit purchase can be worked out.
A. Total debtors account
B. Total creditors account
C. Cash book
D. Balance sheet
2 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
3 Teh single entry system of book keeping is generay followed by
A. Small business concern
B. Large Business concern
C. Non trading concern
D. None of these
4 How many mathods are available to calculate the profit or loss under single entery system.
A. One
B. Two
C. Three
D. Four
5 In increased net worth method, profit or loss is calculated by preparing,
A. Income and expenditure account
B. Profit and loss account
C. Statement of profit or loss
D. Balance sheet
6 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
7 How many methods are available to calculate the profit or loss under single entry system,
A. One
B. Two
C. Three
D. Four
8 Bills payable issued durint the period must be debited to total creditors account credited to.
A. Bills payable account
B. Bills receivable account
C. Debtora account
D. Cash account
9 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
10 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

Test Questions