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12th Principles of Accounting Chapter 2 Test

Here you can prepare 12th Class Principles of Accounting Chapter 2 The Accounts of Non-Profit Making Organizations Test. Click the button for 100% free full practice test.

12th class Principle of Accounting chapter 2 online mcq test with answers for ICom part 2 Principle of Accounting Chapter 2 (The Accounts of Non-Profit Making Organizations)

This online test contains MCQs about following topics:

. What are Non Profit Making Organizations . Receipts and Payments Account . Distinction Between Cash Book and Receipts and Payments Account . Income and Expenditure Account . Some Particular Items of a Non-Profit making Concerns . Method of Conversion of Receipt and Payments Account into Income and Expenditure Account . Dintinction between Receipts and Payments Account andIncome and Expenditure Account

ICOM Part 2 Accounting Ch 2 Test
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12th class Principle of Accounting chapter 2 online mcq test with answers for ICom part 2 Principle of Accounting Chapter 2 (The Accounts of Non-Profit Making Organizations)

Sr. # Questions Answers Choice
1 The basic club record or book of original entry in non-profit making organization
  • A. Purchase book
  • B. Sales book
  • C. Cash book
  • D. "a" and "b"
2 The method for preparing the final accounts in trading concerns and non-profit making organizations are
  • A. Same
  • B. Different
  • C. Easy
  • D. Difficult
3 Accured subscripttion represents.
  • A. An expense
  • B. An income
  • C. An asset
  • D. A liability.
4 Income and expenditur eaccount is prepared on.
  • A. Cash basis
  • B. Accrual basis
  • C. Cahs of accural basis
  • D. None of these
5 If the credit side of the income oand expenditur eaccount is greater it is termed as.
  • A. Deficit
  • B. Surplus
  • C. Asset
  • D. Liability
6 Excess of assets over liabilities is an indication of.
  • A. Solvency
  • B. Insolvency
  • C. Deficiency
  • D. Loss
7 Receipts and payments account records the transactions of
  • A. Revenue nature
  • B. Capital nature
  • C. Revenue and capital nature
  • D. None of these
8 Subscription Received in advance is.
  • A. An income
  • B. An assets
  • C. Liability
  • D. An expenditure
9 The Receipt and payment account is the summery of the
  • A. Cash book
  • B. Balance sheet
  • C. Trqail balance
  • D. Proft and loss account
10 The difference of the two sides of receipt and payment account represents.
  • A. Opening cash balance
  • B. Closing cash or bank balance
  • C. Opening bank balance
  • D. None of these

Top Scorers of Principles of Accounting Icom Part 2 English Medium Chapter 2 Online Test

H

Hina Ghazanfar

Lahore28 - Jun - 2022

13/15
02 Mins 18 Sec
H

Hassan Abid

Lahore28 - Jun - 2022

13/15
02 Mins 33 Sec
S

SEO Guru

Lahore28 - Jun - 2022

12/15
01 Mins 48 Sec
S

SEO Guru

Lahore28 - Jun - 2022

12/15
02 Mins 04 Sec
H

Hina Ghazanfar

Lahore28 - Jun - 2022

10/15
02 Mins 25 Sec
H

Hina Ghazanfar

Lahore28 - Jun - 2022

10/15
02 Mins 45 Sec
C

Ch. Sajeel

Lahore29 - Jun - 2022

10/15
04 Mins 22 Sec
H

Hamza Abid

Abbottabad11 - Jun - 2022

10/15
10 Mins 50 Sec
U

Umaima Kashif

Lahore04 - Jun - 2022

9/15
01 Mins 16 Sec
H

Hamza Abid

Abbottabad05 - Jun - 2022

9/15
10 Mins 50 Sec
H

Heba Faheem

Lahore29 - Jun - 2022

8/15
03 Mins 56 Sec

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