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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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	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
2	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
3	Single entry system contains,	A. A daybook or general journal B. A cash book C. Ledger accounts for individual customers and creditors D. All of the above
4	In single entrey system statements of assets and liabilities is called.	A. Balance sheet B. Statement of Affair C. Trial balance D. Income statement
5	Opening capital is calculated by taking the difference between,	A. Opening assets and closing assets B. Opening assets and closing liabilities C. Opening assets and Opening liabilities D. Closing assets and closing liabilities
6	In single entry system,	A. Personal accounts are maintained B. Real accounts are maintained C. Nominal accounts are maintained D. None of the above
7	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
8	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
9	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
10	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

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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

Cash paid to creditors can be woked out from.

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

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

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

In single entry system,

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

A statement of assets and liabilities is prepared under the single entery system is called.

Cash book is prepared to find out the figure of.

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

Single entry systme can bot be maintained by.

In single entry it is not possible to prepare

According to companies ordinance, single entry system cannot be adopted by,

In single entery system only.

The closing balance of trade debtors can be located from.

Under single entry system sometimes,

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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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