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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.

11th Class I.Com Part 1 Principles of Accounting MCQ Test With Answer for Principles of Accounting Full Book

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
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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.

Top Scorers of Principles of accounting Icom Part 1 English Medium Online Test

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Nimra Abid

Lahore28 - Apr - 2025

15/15
03 Mins 24 Sec
N

Nimra Abid

Lahore28 - Apr - 2025

15/15
03 Mins 40 Sec
N

Nimra Abid

Lahore28 - Apr - 2025

14/15
02 Mins 02 Sec
N

Nimra Abid

Lahore28 - Apr - 2025

14/15
02 Mins 35 Sec
N

Nimra Abid

Lahore28 - Apr - 2025

14/15
03 Mins 07 Sec
N

Nimra Abid

Lahore28 - Apr - 2025

13/15
01 Mins 30 Sec
N

Nimra Abid

Lahore28 - Apr - 2025

13/15
02 Mins 51 Sec
N

Nimra Abid

Lahore28 - Apr - 2025

13/15
03 Mins 07 Sec
M

Muqarab Khalid

Lahore08 - Apr - 2025

13/15
03 Mins 13 Sec
M

Moon Galaxies

Lahore25 - Apr - 2025

13/15
04 Mins 10 Sec
R

Red Ocean24

Lahore29 - Apr - 2025

12/15
01 Mins 53 Sec
M

Moon Galaxies

Lahore23 - Apr - 2025

12/15
02 Mins 18 Sec
A

Anoosh Tariq

Lahore27 - Apr - 2025

12/15
02 Mins 30 Sec
M

Muqarab Khalid

Lahore08 - Apr - 2025

12/15
02 Mins 45 Sec
M

Moon Galaxies

Lahore19 - Apr - 2025

12/15
02 Mins 50 Sec

11th Class I.Com Part 1 Principles of Accounting MCQ Test With Answer for Principles of Accounting Full Book

Sr. # Questions Answers Choice
1 The amount of assets, liabilities, capital and drawings are extended form adjusted trail balance to the
  • A. Balance sheet columns
  • B. Income statement columns
  • C. Cash columns
  • D. Bank columns
2 Net profit is always
  • A. Equal to gross profit
  • B. more than gross profit
  • C. Less than gross profit
  • D. None of these
3 The system of accounting in which accounting entries are made only when cash received or paid is known as
  • A. Cash system
  • B. Accrual system
  • C. Mercantile system
  • D. Single system
4 A transaction has been journalized but posted wrongly in the ledger account, it is an:
  • A. Error of positing
  • B. Error of principle
  • C. Error of omission
  • D. Error of commission
5 Cost incurred to generate revenue is called
  • A. Revenue
  • B. Cost
  • C. Expense
  • D. Liability
6 Cash account is a
  • A. Personal account
  • B. Nominal account
  • C. Real account
  • D. Both personal and real account
7 ______ must be prepaid for testing ledger accounts, adjusting entries and financial statement
  • A. Work sheet
  • B. Balance sheet
  • C. Bank statement
  • D. Trail balance
8 The profit which is earned during the ordinary course of business is regarded as:
  • A. Capital profit
  • B. Revenue profit
  • C. Revenue loss
  • D. Long term profit
9 Bill receivable account is a:
  • A. Nominal account
  • B. Personal account
  • C. Real account
  • D. Expenses account
10 If sales are Rs. 12000 Gross profit is 10% of sales and net profit is 5% of sales then the expenses will be
  • A. 1200
  • B. 600
  • C. 1800
  • D. 2400

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