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
A

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	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
2	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
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	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
5	In case of dissolution, assets sold for cash are debited to.	A. Realization account B. Cash account C. Assets account D. None of these
6	The figure of the credit purchase can be worked out.	A. Total debtors account B. Total creditors account C. Cash book D. Balance sheet
7	According to companies ordinance, single entry system cannot be adopted by,	A. Sole proprietorship B. Partnership C. "a" and "b" D. Joint stock companies
8	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
9	Both aspects of a transaction must be recorded in,	A. Single entry system B. Barter system C. Double entry system D. Islamic system
10	The closing balance of trade debtors can be located from.	A. Total debtors account B. Balance sheet C. Bils receivable account D. Cash book

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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 entery system is most suitbale where

Under single entry system sometimes,

Arithmetical accuracy of the books of accounts cannot be checked under.

Opening capital is calculated by taking the difference between,

The fingure of bills payable is worked out by preparing the.

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

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

Acceptance received durinthe period must be debited to bills receivable account and credited to.

Both aspects of a transaction must be recorded in,

Single entry system is suitable where,

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

Single entry system contains,

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

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

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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