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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
According to companies ordinance, single entry system cannot be adopted by,
Question # 2
The opening capitla is ascertained by preparing.
Question # 3
Both aspects of a transaction must be recorded in,
Question # 4
Arithmetical accuracy of the books of accounts cannot be checked under.
Question # 5
The opening and closing balance of bills Receivable can be calculated by preparing the.
Question # 6
In single entry system ledger contains the accounts of,
Question # 7
Single entry systme can bot be maintained by.
Question # 8
The system in whihc accounting records are not kept strictly according to the double entery principle of book keeping is called.
Question # 9
Due to fresh capital introduced during the year, the closing capital will,
Question # 10
In single entry system real accounts are not maintained so the preparation of,
Question # 11
In single entry system both the aspects, debit and credit of a transaction are not recorded soit is.
Question # 12
The figure of the bills receivable can be worked out from.
Question # 13
To calculate the value of capital both at the beginning and at the end of year in single entry system we prepare,
Question # 14
In single entry it is not possible to prepare
Question # 15
In single entry system nominal accounts and some assets accounts balances are not available so it is not possible to prepare,
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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T Taiba Siddique 04 - Jun - 2024 00 Min 16 Sec 15/15 -
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 -
R Raja Musa Sohail 08 - May - 2024 03 Min 14 Sec 13/15 -
R RV King 09 - May - 2024 04 Min 31 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 -
M Malaika MA 03 - Aug - 2024 02 Min 33 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 | In single entry system, |
A. Personal accounts are maintained
B. Real accounts are maintained
C. Nominal accounts are maintained
D. None of the above
|
| 2 | 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
|
| 3 | According to companies ordinance, single entry system cannot be adopted by, |
A. Sole proprietorship
B. Partnership
C. "a" and "b"
D. Joint stock companies
|
| 4 | Teh single entry system of book keeping is generay followed by |
A. Small business concern
B. Large Business concern
C. Non trading concern
D. None of these
|
| 5 | 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
|
| 6 | How many methods are available to calculate the profit or loss under single entry system, |
A. One
B. Two
C. Three
D. Four
|
| 7 | In single entrey system statements of assets and liabilities is called. |
A. Balance sheet
B. Statement of Affair
C. Trial balance
D. Income statement
|
| 8 | In single entry system real accounts are not maintained so the preparation of, |
A. Correctly
B. Effectively
C. Wrongly
D. Approximately
|
| 9 | 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
|
| 10 | Bad debt written off always affect the |
A. Deblor's account
B. Creditors account
C. Cash account
D. All of the above
|
Test Questions