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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Tariq Mohmood 03 - Nov - 2024 01 Min 55 Sec 14/15
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youth flavour 14 - Dec - 2024 03 Min 37 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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Maryam Nazar 23 - Apr - 2026 02 Min 55 Sec 11/15
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Fatima Akram 11 - Oct - 2024 03 Min 00 Sec 11/15
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ICom Part II Principles of Accounting Chapter 0 Important MCQ's

Sr.#	Question	Answer
1	Due to drawings made during the year, the closing capital will,	A. Increase B. Decrease C. Constant D. Multiply
2	Cash book is prepared to find out the figure of.	A. Opening capital B. Crosing cash balance C. Net profit D. Finaincial position
3	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
4	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
5	To calculate the value of capital both at the beginning and at the end of year in single entry system we prepare,	A. Balance sheet B. Trading account C. Trial balance D. Statement of affairs
6	In single entery system only.	A. Personal account are maintained B. Real account are maintained C. Nominal accounts are maintained D. None of the above
7	Not worth method is equal to.	A. Liabilities - assets B. Assets- liabilities C. Capital + assets D. None of these
8	In single entry system,	A. Personal accounts are maintained B. Real accounts are maintained C. Nominal accounts are maintained D. None of the above
9	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
10	In single entry it is not possible to prepare	A. Trial balance B. Trading account C. Profit and loss account D. Balance sheet

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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 true net profit or net loss in single entry system it is necessary that the amount of fresh capital should be subtracted from,

Single entery system is most suitbale where

In single entrey system statements of assets and liabilities is called.

Cash book is prepared to find out the figure of.

In single entry system ledger contains the accounts of,

North worth of an organizaton means the excess of its total assets over total.

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

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

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

In single entry system,

Single entry systme can bot be maintained by.

Cash paid to creditors can be woked out from.

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

The figure of the credit purchase can be worked out.

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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