Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
.jpg)
Principles of accounting are the main subject for the I.com students. There are general rules and concepts that governor the field of accounting.
Ilmkidunya provides the great opportunity to the students to provide the latest outline of the paper. This Principle of accounting online test makes the students more competent and proficient on the theory of the book. Objective is the essential part of the paper. There is 20% paper consist of the objective. If the students want to get the good grades, the students have to solve this part.
ICOM Part 1 Accounting Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
Thousands of question is made by the professional and expert teachers. Students can easily get grasp on all the theory and objective as well. After attempting this MCQ online test, students are able to well perform in the papers and pass the exams with brilliant success. Students can also judge their ability and skills after solving the test. Students can do this online test many times until they make sure about the accuracy of the test.
In this online test we come to know the overall rules –referred to as basic accounting principles and rules Principles of accounting online test students can get grip on the introduction to accounting basics, Blance sheet Assets, balance sheet liabilities and stock holder equities, statements on cash flows, double entry system sample transition no. it is advised to the students to solve this online test to get good grades in the exams.
Principles of accounting Icom Part 1 English Medium Online Test
Try The Principles of accounting Icom Part 1 English Medium Online Test
-
Total Questions15
-
Time Allowed20
Principles of accounting Icom Part 1 English Medium Online Test
00:00
Question # 1
Our cheque to Ali & Bros, returned dishonored should be credited to
Question # 2
Error of carry forward will affect
Question # 3
Which one of the following is appeared in the balance sheet
Question # 4
An expenditure which is incurred again and again is a:
Question # 5
The credit purchases were wrongly recorded in sales book, the rectification of entry
Question # 6
Any difference in trial balance is transferred to
Question # 7
Which column is prepared in single column cash book?
Question # 8
When a Bill is dishonoured, the holder of the bill goes to an official called
Question # 9
When bank column of a cash book shows a credit balance, it means:
Question # 10
A statement which i prepared to ascertain the net income or net loss for a specific accounting period is called
Question # 11
It is used to record only cash receipts and payments
Question # 12
A gradual decrease in the value of fixed assets is called
Question # 13
______ must be prepaid for testing ledger accounts, adjusting entries and financial statement
Question # 14
Income tax paid is a
Question # 15
Assets come into existence upon the happening of a certain event, are called:
Here is List Of Chapter Wise Tests
| Ch. # | Test Name | MCQs Available | PDF File | Launch Test |
|---|---|---|---|---|
| 1 | Principles of accounting Icom Part 1 English Medium Chapter 1 Online Test | 35 | Download PDF | Launch Test |
| 2 | Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test | 36 | Download PDF | Launch Test |
| 3 | Principles of accounting Icom Part 1 English Medium Chapter 3 Online Test | 35 | Download PDF | Launch Test |
| 4 | Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test | 35 | Download PDF | Launch Test |
| 5 | Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test | 35 | Download PDF | Launch Test |
| 6 | Principles of accounting Icom Part 1 English Medium Chapter 6 Online Test | 35 | Download PDF | Launch Test |
| 7 | Principles of accounting Icom Part 1 English Medium Chapter 7 Online Test | 18 | Download PDF | Launch Test |
| 8 | Principles of accounting Icom Part 1 English Medium Chapter 8 Online Test | 25 | Download PDF | Launch Test |
| 9 | Principles of accounting Icom Part 1 English Medium Chapter 9 Online Test | 25 | Download PDF | Launch Test |
| 10 | Principles of accounting Icom Part 1 English Medium Chapter 10 Online Test | 25 | Download PDF | Launch Test |
| 11 | Principles of accounting Icom Part 1 English Medium Chapter 11 Online Test | 22 | Download PDF | Launch Test |
| 12 | Principles of accounting Icom Part 1 English Medium Chapter 12 Online Test | 20 | Download PDF | Launch Test |
| 13 | Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test | 25 | Download PDF | Launch Test |
| 14 | Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test | 25 | Download PDF | Launch Test |
Top Scorers of Principles of accounting Icom Part 1 English Medium Online Test
-
Z Zeeshan Haider 03 - Jul - 2024 00 Min 32 Sec 12/15 -
H hamza shuja 17 - Jul - 2024 02 Min 04 Sec 12/15 -
M Mobassam Ibrahim 29 - Nov - 2025 01 Min 52 Sec 11/15 -
S Shehzad Official 19 - Oct - 2024 03 Min 19 Sec 11/15 -
S Sadia6560 Noman 14 - Dec - 2024 04 Min 11 Sec 11/15 -
A Alladeen 01 - Aug - 2024 04 Min 31 Sec 11/15 -
M Manahil Ali 30 - Jul - 2024 04 Min 41 Sec 11/15 -
H HarFar 20 - Jul - 2024 05 Min 10 Sec 11/15 -
R Rehman Rasheed 27 - Jul - 2024 05 Min 21 Sec 11/15 -
K Kashaf 05 - Jul - 2024 06 Min 51 Sec 11/15 -
H Hiba Khan 06 - Jul - 2024 01 Min 39 Sec 10/15 -
S Shama Yaseen 03 - Aug - 2024 07 Min 57 Sec 10/15 -
S Shayan Tanveer 26 - Sep - 2024 15 Min 50 Sec 10/15 -
S SHADAB ALI 01 - Feb - 2026 01 Min 48 Sec 9/15 -
A Aisha Kashif 17 - Nov - 2024 04 Min 03 Sec 9/15
ICom Part 1 Principles of Accounting Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The Amount of salary paid to Sohail should be debited to |
A. Sohail's a/c
B. Cash Account
C. Salaries a/c
D. Both a & c
|
| 2 | Any expenditure incurred to increase the earning capacity of a business |
A. capital expenditure
B. capital loss
C. revenue loss
D. revenue expenditure
|
| 3 | An Entry which is recorded on the both sides of cash book is called |
A. Simple Entry
B. Compound Entry
C. Combined Entry
D. Contra Entry
|
| 4 | The system of recording transaction based on dual concept is called |
A. Double account system
B. Double entry system
C. Single entry system
D. Management system
|
| 5 | When cash is paid to creditors it will decrease |
A. cash
B. capital
C. debtor
D. cash & creditors
|
| 6 | Assets having some market value |
A. Fictitious Assets
B. Real Assets
C. Unreal Assets
D. None of these
|
| 7 | The accounts of assets and properties |
A. nominal accounts
B. real accounts
C. personal accounts
D. valuation accounts
|
| 8 | Income tax paid is a |
A. Business Expense
B. Business Revenue
C. Business Liability
D. Personal Expense
|
| 9 | Written below each entry is the |
A. Transaction
B. Voucher no
C. Narration
D. Date
|
| 10 | Drawings are deducted from |
A. Sales
B. Income
C. Capital
D. Expenses
|
11th Class Principles of Accounting Test
Here you can prepare 11th Class Principles of Accounting English Medium Test. Click the button for 11th Class Principles of Accounting English Medium 100% free full practice test.
Test Questions