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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
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Total Questions15
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Time Allowed20
Principles of accounting Icom Part 1 English Medium Online Test
00:00
Question # 1
Profit or loss appropriation account is not prepared in the case of
Question # 2
Gross profit is derived from
Question # 3
The person to whom bill is transferred will become
Question # 4
Office rent is a
Question # 5
A many buy Rs. 40,000 worth good and sells them for Rs. 50,000. His gross profit is:
Question # 6
All the transactions recorded to credit sales are recorded in:
Question # 7
The debts, the recovery or realization of which is uncertain are known as
Question # 8
Interest on renewal of a bill is the expense of
Question # 9
The accounts of expenses, incomes, losses and gains
Question # 10
The balance of petty cash book is a/an
Question # 11
A sale of Rs. 1000 to Farid, was credited to his account, it will affect
Question # 12
If amount for Rs. 554 recovered from Ali, previously written off as bad debts we should
Question # 13
The rules of the debiting the receiving and crediting the giver is applicable to:
Question # 14
Cost incurred to generate revenue is called
Question # 15
Real accounts are related to:
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 |
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ICom Part 1 Principles of Accounting Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Subsidiary books are called books of |
A. Original entry
B. Secondary entry
C. Final entry
D. Basic entry
|
| 2 | Bookkeeping provides the |
A. primary information
B. secondary information
C. final information
D. insufficient information
|
| 3 | Record of business transaction in the journal is called |
A. Detail
B. Summary
C. Narration
D. Entry
|
| 4 | An expenditure, which increases the utility or productive capacity of an asset is treated as |
A. Revenue expenditure
B. Capital expenditure
C. Deferred expenditure
D. None of these
|
| 5 | Work sheet is also used as a source to prepare ______ |
A. Financial statement
B. Income statement
C. Position statement
D. Bank reconciliation statement
|
| 6 | Receipts which are non-recurring by nature: |
A. Capital receipts
B. Revenue receipts
C. Short term receipts
D. Capital profit
|
| 7 | Journal means |
A. Weekly
B. Monthly
C. Yearly
D. Daily
|
| 8 | Real accounts are related to: |
A. Assets
B. Expenses, losses and incomes
C. Customers, creditors
D. Incomes
|
| 9 | Income received in advance during the year is |
A. Prepaid Expenses
B. Accrued Income
C. Advance Expenses
D. Advance Income
|
| 10 | An expenditure which is incurred again and again is a: |
A. Capital expenditure
B. Future expenditure
C. Deferred expenditure
D. Revenue expenditure
|
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.
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