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

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youth flavour 14 - Dec - 2024 03 Min 37 Sec 12/15
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Fatima Waseem 09 - Dec - 2024 03 Min 54 Sec 12/15
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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	If the cash sales are missing they are to be ascertained by the construction of.	A. Debtors account B. Creditors account C. Cash account D. None of these
2	Due to fresh capital introduced during the year, the closing capital will,	A. Increase B. Decrease C. Constant D. Multiply
3	In case of dissolution, assets sold for cash are debited to.	A. Realization account B. Cash account C. Assets account D. None of these
4	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
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 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
7	In single entry it is not possible to prepare	A. Trial balance B. Trading account C. Profit and loss account D. Balance sheet
8	The opening capitla is ascertained by preparing.	A. Cash account B. Opening statements of affairs C. Total debtors account D. Total creditors account
9	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
10	Single entry systme can bot be maintained by.	A. Sole owner B. Partnership concern C. Joint stock companies D. All of the above

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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

Single entry system is suitable where,

Cash book is prepared to find out the figure of.

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

Single entry systme can bot be maintained by.

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

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

Under single entry system sometimes,

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

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

Under the conversion method of single entry credit salea are ascertained by preparing the.

Double entry system means

Opening capital is calculated by taking the difference between,

The figure of the credit purchase can be worked out.

Single entry system is generally adopted by,

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

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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

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