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

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

Question # 2

Cash book is prepared to find out the figure of.

Question # 3

Due to fresh capital introduced during the year, the closing capital will,

Question # 4

Both aspects of a transaction must be recorded in,

Question # 5

In single entry system,

Question # 6

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

Question # 7

In single entry system real accounts are not maintained so the preparation of,

Question # 8

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,

Question # 9

If the cash sales are missing they are to be ascertained by the construction of.

Question # 10

Bad debt written off always affect the

Question # 11

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

Question # 12

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

Question # 13

The closing balance of trade debtors can be located from.

Question # 14

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

Question # 15

The figure of the credit purchase can be worked out.

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 Cash received from the debtors can be find out by preparing.
A. Debtors account
B. Creditors account
C. Balance sheet
D. Trial balance
2 Due to fresh capital introduced during the year, the closing capital will,
A. Increase
B. Decrease
C. Constant
D. Multiply
3 Double entry system means
A. The recording of same things twice
B. Double accounting
C. The two sides of every transaction are recorded
D. Entry at two dates
4 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
5 In single entry system,
A. Personal accounts are maintained
B. Real accounts are maintained
C. Nominal accounts are maintained
D. None of the above
6 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
7 Under single entery system informatoin relating to expenses must be ascertained from the analysis of.
A. Debtors account
B. Creditors account
C. Sales book
D. Cash book
8 Cash paid to creditors can be woked out from.
A. Debtora account
B. Creditors account
C. Balance sheet
D. None of theses
9 Under single entry system sometimes,
A. Double aspects of a transaction are recorded
B. Single aspect of a transaction is recorded
C. No aspect of a transaction is recorded
D. All of the above
10 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

Test Questions