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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Taiba Siddique 04 - Jun - 2024 00 Min 16 Sec 15/15
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Waiz Sharif 17 - Dec - 2024 01 Min 19 Sec 15/15
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Tariq Mohmood 03 - Nov - 2024 01 Min 55 Sec 14/15
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Fazilat Official 05 - Dec - 2025 02 Min 00 Sec 14/15
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ikram ullah 22 - Nov - 2024 07 Min 39 Sec 14/15
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adina waqas 05 - Dec - 2024 02 Min 37 Sec 13/15
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Raja Musa Sohail 08 - May - 2024 03 Min 14 Sec 13/15
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RV King 09 - May - 2024 04 Min 31 Sec 13/15
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Rabail Fizza 21 - Sep - 2025 22 Min 03 Sec 13/15
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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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Mehwish Mughal 29 - Oct - 2024 06 Min 17 Sec 12/15
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Malaika MA 03 - Aug - 2024 02 Min 33 Sec 11/15
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Fatima Akram 11 - Oct - 2024 03 Min 00 Sec 11/15
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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	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
2	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
3	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
4	The fingure of bills payable is worked out by preparing the.	A. Total debtors account B. Total creditors account C. Cash book D. Balance sheet
5	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
6	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
7	The opening capitla is ascertained by preparing.	A. Cash account B. Opening statements of affairs C. Total debtors account D. Total creditors account
8	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
9	Net worth is equal to,	A. Assets - Liabilities B. Liabilities - Assets C. Liabilities + Capital D. Capital + Assets
10	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

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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

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

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

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

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

Cash paid to creditors can be woked out from.

In case of dissolution, assets sold for cash are debited to.

Single entery system is most suitbale where

In single entry it is not possible to prepare

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

Teh single entry system of book keeping is generay followed by

The figure of the credit purchase can be worked out.

Single entry systme can bot be maintained by.

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

Opening capital is calculated by taking the difference between,

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

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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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