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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
The fingure of bills payable is worked out by preparing the.
Question # 2
The Closing Capital is worked out by preparing the.
Question # 3
In increased net worth method, profit or loss is calculated by preparing,
Question # 4
The figure of the credit purchase can be worked out.
Question # 5
To calculate the value of capital both at the beginning and at the end of year in single entry system we prepare,
Question # 6
Single entry systme can bot be maintained by.
Question # 7
In case of dissolution, assets sold for cash are debited to.
Question # 8
Both aspects of a transaction must be recorded in,
Question # 9
The closing balance of trade debtors can be located from.
Question # 10
Cash book is prepared to find out the figure of.
Question # 11
Bills payable issued durint the period must be debited to total creditors account credited to.
Question # 12
Bad debt written off always affect the
Question # 13
The system in whihc accounting records are not kept strictly according to the double entery principle of book keeping is called.
Question # 14
The figure of the bills receivable can be worked out from.
Question # 15
Single entry system contains,
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 -
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R Raja Musa Sohail 08 - May - 2024 03 Min 14 Sec 13/15 -
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R Rabail Fizza 21 - Sep - 2025 22 Min 03 Sec 13/15 -
Y youth flavour 14 - Dec - 2024 03 Min 37 Sec 12/15 -
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M Malaika MA 03 - Aug - 2024 02 Min 33 Sec 11/15 -
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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 | How many methods are available to calculate the profit or loss under single entry system, |
A. One
B. Two
C. Three
D. Four
|
| 2 | The Closing Capital is worked out by preparing the. |
A. Opening statement of affair
B. Closing statement of affiar
C. Cash book
D. Balance sheet
|
| 3 | Under single entery system informatoin relating to expenses must be ascertained from the analysis of. |
A. Debtors account
B. Creditors account
C. Sales book
D. Cash book
|
| 4 | Cash paid to creditors can be woked out from. |
A. Debtora account
B. Creditors account
C. Balance sheet
D. None of theses
|
| 5 | 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
|
| 6 | To calculate the value of capital both at the beginning and at the end of year in single entry system we prepare, |
A. Balance sheet
B. Trading account
C. Trial balance
D. Statement of affairs
|
| 7 | The figure of the credit purchase can be worked out. |
A. Total debtors account
B. Total creditors account
C. Cash book
D. Balance sheet
|
| 8 | 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
|
| 9 | Bad debt written off always affect the |
A. Deblor's account
B. Creditors account
C. Cash account
D. All of the above
|
| 10 | We cannot prepare the trial balance and precise balance sheet under, |
A. Single entry system
B. Double entry system
C. "a" and "b"
D. Barter system
|
Test Questions