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	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
2	How many mathods are available to calculate the profit or loss under single entery system.	A. One B. Two C. Three D. Four
3	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
4	Net worth is equal to,	A. Assets - Liabilities B. Liabilities - Assets C. Liabilities + Capital D. Capital + Assets
5	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
6	Single entry system is suitable where,	A. Small amount of cash transactions are more B. Large amount of cash transaction are more C. Smallamount of cash transaction are more D. Largeamount of cash transaction are more
7	Bad debt written off always affect the	A. Deblor's account B. Creditors account C. Cash account D. All of the above
8	According to companies ordinance, single entry system cannot be adopted by,	A. Sole proprietorship B. Partnership C. "a" and "b" D. Joint stock companies
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	Arithmetical accuracy of the books of accounts cannot be checked under.	A. Single Entry system B. Double entery system C. None entery system D. Both a and b

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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

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

Single entry system is generally adopted by,

The system in whihc accounting records are not kept strictly according to the double entery principle of book keeping is called.

The closing balance of trade debtors can be located from.

The Closing Capital is worked out by preparing the.

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

In single entry system,

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

Teh single entry system of book keeping is generay followed by

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

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

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

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

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

In cash of net worth method of sigle entery system net profikt is ascertained by.

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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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