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

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

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
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
T

Three CZNs 18 - Sep - 2024 26 Min 45 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	The opening and closing balance of bills Receivable can be calculated by preparing the.	A. Total debtors accounts B. Total creditors account C. Bills Recivable accounts D. Salaes accounts
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	Cash book is prepared to find out the figure of.	A. Opening capital B. Crosing cash balance C. Net profit D. Finaincial position
5	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
6	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
7	Not worth method is equal to.	A. Liabilities - assets B. Assets- liabilities C. Capital + assets D. None of these
8	Net worth is equal to,	A. Assets - Liabilities B. Liabilities - Assets C. Liabilities + Capital D. Capital + Assets
9	In case of dissolution, assets sold for cash are debited to.	A. Realization account B. Cash account C. Assets account D. None of these
10	The closing balance of trade debtors can be located from.	A. Total debtors account B. Balance sheet C. Bils receivable account D. Cash book

Latest Educational News Stories

Pakistan's Largest Database of Colleges and Universities

BS Programs

University Past Papers

University Results

Exam Results 2024

Study Abroad Programs and Opportunities for Pakistani Students

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

In single entry it is not possible to prepare

Single entry system contains,

Cash book is prepared to find out the figure of.

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

Not worth method is equal to.

The closing balance of trade debtors can be located from.

Single entry systme can bot be maintained by.

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

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

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

Single entry system is generally adopted by,

Bad debt written off always affect the

In single entery system only.

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

In appearance, the statement of affairs, is similar to a.

Prepare Complete Set Wise Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 1 Online Test" MCQs Online With Answers

Set 1

Set 2

Set 3

Set 4

Topic Test

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

Test Questions

Is this page helpful?

Share your comments & questions here

APURBA MAZUMDER

Pakeeza

Ghulam Ali

gulfaraz