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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
In cash of net worth method of sigle entery system net profikt is ascertained by.
Question # 2
We cannot prepare the trial balance and precise balance sheet under,
Question # 3
In single entry system nominal accounts and some assets accounts balances are not available so it is not possible to prepare,
Question # 4
Under single entery system informatoin relating to expenses must be ascertained from the analysis of.
Question # 5
Not worth method is equal to.
Question # 6
Acceptance received durinthe period must be debited to bills receivable account and credited to.
Question # 7
Closing capital in single entry system is calculated by preparing,
Question # 8
Bills payable issued durint the period must be debited to total creditors account credited to.
Question # 9
Single entry system is generally adopted by,
Question # 10
To calculate the value of capital both at the beginning and at the end of year in single entry system we prepare,
Question # 11
Due to drawings made during the year, the closing capital will,
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
In increased net worth method, profit or loss is calculated by preparing,
Question # 14
The opening capitla is ascertained by preparing.
Question # 15
Cash book is prepared to find out the figure of.
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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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 -
T Tayyba Noor 04 - Oct - 2026 04 Min 01 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 -
S Saad Javed 15 - Oct - 2026 07 Min 18 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
ICom Part II Principles of Accounting Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Cash paid to creditors can be woked out from. |
A. Debtora account
B. Creditors account
C. Balance sheet
D. None of theses
|
| 2 | Single entry systme can bot be maintained by. |
A. Sole owner
B. Partnership concern
C. Joint stock companies
D. All of the above
|
| 3 | Cash received from the debtors can be find out by preparing. |
A. Debtors account
B. Creditors account
C. Balance sheet
D. Trial balance
|
| 4 | 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
|
| 5 | 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
|
| 6 | Acceptance received durinthe period must be debited to bills receivable account and credited to. |
A. Total bills receivable account
B. Total debtors account
C. total cash account
D. Total bills receivabel account
|
| 7 | 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
|
| 8 | 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
|
| 9 | 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
|
| 10 | How many mathods are available to calculate the profit or loss under single entery system. |
A. One
B. Two
C. Three
D. Four
|
Test Questions