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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
How many mathods are available to calculate the profit or loss under single entery system.
Question # 2
Arithmetical accuracy of the books of accounts cannot be checked under.
Question # 3
The closing balance of trade debtors can be located from.
Question # 4
In single entry system ledger contains the accounts of,
Question # 5
Not worth method is equal to.
Question # 6
The figure of the bills receivable can be worked out from.
Question # 7
Bad debt written off always affect the
Question # 8
Under single entry system sometimes,
Question # 9
Due to fresh capital introduced during the year, the closing capital will,
Question # 10
In appearance, the statement of affairs, is similar to a.
Question # 11
Under single entery system informatoin relating to expenses must be ascertained from the analysis of.
Question # 12
The system in whihc accounting records are not kept strictly according to the double entery principle of book keeping is called.
Question # 13
The opening and closing balance of bills Receivable can be calculated by preparing the.
Question # 14
Due to drawings made during the year, the closing capital will,
Question # 15
Under the conversion method of single entry credit salea are ascertained by preparing the.
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 appearance, the statement of affairs, is similar to a. |
A. Balance sheet
B. Profit and loss account
C. Trading account
D. Bank Reconciliation statement
|
| 2 | How many methods are available to calculate the profit or loss under single entry system, |
A. One
B. Two
C. Three
D. Four
|
| 3 | A statement of assets and liabilities is prepared under the single entery system is called. |
A. Balance sheet
B. Financial statement
C. Statement of affair
D. Cash transaction
|
| 4 | Under the conversion method of single entry credit salea are ascertained by preparing the. |
A. Total debtors account
B. Total creditors account
C. Total cash account
D. Total bills receivable account
|
| 5 | Net worth is equal to, |
A. Assets - Liabilities
B. Liabilities - Assets
C. Liabilities + Capital
D. Capital + Assets
|
| 6 | 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
|
| 7 | Both aspects of a transaction must be recorded in, |
A. Single entry system
B. Barter system
C. Double entry system
D. Islamic system
|
| 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 | 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
|
| 10 | According to companies ordinance, single entry system cannot be adopted by, |
A. Sole proprietorship
B. Partnership
C. "a" and "b"
D. Joint stock companies
|
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