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
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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	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
2	Under the conversion method of single entry credit salea are ascertained by preparing the.	A. Total debtors account B. Total creditors account C. Total cash account D. Total bills receivable account
3	The opening capitla is ascertained by preparing.	A. Cash account B. Opening statements of affairs C. Total debtors account D. Total creditors account
4	How many methods are available to calculate the profit or loss under single entry system,	A. One B. Two C. Three D. Four
5	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
6	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
7	In single entry it is not possible to prepare	A. Trial balance B. Trading account C. Profit and loss account D. Balance sheet
8	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
9	Single entry systme can bot be maintained by.	A. Sole owner B. Partnership concern C. Joint stock companies D. All of the above
10	North worth of an organizaton means the excess of its total assets over total.	A. Liabilities B. Income C. Expenses D. None of the above

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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

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

Single entry systme can bot be maintained by.

In increased net worth method, profit or loss is calculated by preparing,

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

Single entry system contains,

In single entry system,

Single entry system is suitable where,

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.

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

A statement of assets and liabilities is prepared under the single entery system is called.

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

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

In single entry system both the aspects, debit and credit of a transaction are not recorded soit is.

How many mathods are available to calculate the profit or loss under single entery system.

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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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