Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
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"
-
Total Questions15
-
Time Allowed20
Principles of Accounting Icom Part 2 English Medium Chapter 1 Online Test
00:00
Question # 1
In case of dissolution, assets sold for cash are debited to.
Question # 2
Due to drawings made during the year, the closing capital will,
Question # 3
How many mathods are available to calculate the profit or loss under single entery system.
Question # 4
Under single entery system informatoin relating to expenses must be ascertained from the analysis of.
Question # 5
In single entry system real accounts are not maintained so the preparation of,
Question # 6
In single entry system nominal accounts and some assets accounts balances are not available so it is not possible to prepare,
Question # 7
Cash paid to creditors can be woked out from.
Question # 8
In cash of net worth method of sigle entery system net profikt is ascertained by.
Question # 9
In single entry system both the aspects, debit and credit of a transaction are not recorded soit is.
Question # 10
Single entry systme can bot be maintained by.
Question # 11
Under single entry system sometimes,
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
The closing balance of trade debtors can be located from.
Question # 14
A statement of assets and liabilities is prepared under the single entery system is called.
Question # 15
In single entery system only.
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
-
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 | 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
|
| 2 | According to companies ordinance, single entry system cannot be adopted by, |
A. Sole proprietorship
B. Partnership
C. "a" and "b"
D. Joint stock companies
|
| 3 | 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
|
| 4 | 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
|
| 5 | In single entrey system statements of assets and liabilities is called. |
A. Balance sheet
B. Statement of Affair
C. Trial balance
D. Income statement
|
| 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 | In single entry system ledger contains the accounts of, |
A. Debtors, creditors and cash
B. Wages and carriage
C. Salaries and insurance
D. Assets and liabilities
|
| 8 | The figure of the credit purchase can be worked out. |
A. Total debtors account
B. Total creditors account
C. Cash book
D. Balance sheet
|
| 9 | 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
|
| 10 | Cash paid to creditors can be woked out from. |
A. Debtora account
B. Creditors account
C. Balance sheet
D. None of theses
|
Test Questions