ic

ICOM Part 1 Principles of Accounting English Medium MCQ's Test

ic

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 Principles of Accounting English Medium Full Book MCQ's Test

Start Full Book Test

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

M

Mini Asif

Lahore12 - Jun - 2025

15/15
25 Sec
A

Aiza Khawaja

Lahore11 - Jun - 2025

15/15
01 Mins 38 Sec
A

Aiza Khawaja

Lahore11 - Jun - 2025

15/15
01 Mins 38 Sec
N

Nimra Abid

Lahore28 - Apr - 2025

15/15
03 Mins 24 Sec
N

Nimra Abid

Lahore28 - Apr - 2025

15/15
03 Mins 40 Sec
M

Mini Asif

Lahore12 - Jun - 2025

14/15
25 Sec
A

Aiza Khawaja

Lahore11 - Jun - 2025

14/15
01 Mins 38 Sec
A

Aiza Khawaja

Lahore11 - Jun - 2025

14/15
01 Mins 38 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

New Sim

Lahore12 - Jun - 2025

14/15
03 Mins 24 Sec
M

Mini Asif

Lahore12 - Jun - 2025

13/15
25 Sec
M

Mini Asif

Lahore12 - Jun - 2025

13/15
25 Sec
M

Mini Asif

Lahore12 - Jun - 2025

13/15
25 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 Bad debts are
  • A. deferred expenditure
  • B. revenue expenditure
  • C. capital expenditure
  • D. none of these
2 A table lost by fire should be debited to
  • A. Table a/c
  • B. Furniture a/c
  • C. Loss by Fire a/c
  • D. Purchases a/c
3 The excess of gross profit on sale over total operating expenses is called:
  • A. Cost of goods sold
  • B. Gross profit
  • C. Net profit
  • D. None-operating income
4 The concession given by the supplier to the buyer on purchases of good is known as:
  • A. Sales discount
  • B. Trade discount
  • C. Purchase discount
  • D. Discount received
5 Expenditure is a capital expenditure because
  • A. The amount involved is heavy
  • B. It is the personal expenditure of the owner out of his capital
  • C. It is intended to benefit the future period
  • D. It is a recurring expenditure
6 Any difference in trial balance is transferred to
  • A. sales account
  • B. nominal account
  • C. purchases account
  • D. suspense account
7 The person to whom bill is transferred will become
  • A. Endorser
  • B. Creditor
  • C. Debtor
  • D. Endorsee
8 Expenditure is revenue expenditure because
  • A. It is intended to benefit the current period
  • B. The amount involved is small
  • C. It is deducted from the gross sale proceeds
  • D. None of these
9 All those expenses which are incurred to convert raw-materials into finished goods are called:
  • A. Direct expenses
  • B. Indirect expenses
  • C. Administrative expenses
  • D. Sales expenses
10 A bill of exchange is drawn by
  • A. Debtor
  • B. Creditor
  • C. Endorser
  • D. Endorsee

Share your comments questions here
Sort By:
  • Atika Marriam

    12 May 2025

    Good

    Like
    Reply
  • G

    Guest User

    21 Dec 2019

    very good website 19/20 o very nice

    Like
    Reply
  • K

    Khubaib Ahmad

    30 Aug 2019

    good

    Like
    Reply
  • A

    Akash

    20 Mar 2019

    Plz send me sir........

    Like (1)
    Reply
  • A

    Akash

    20 Mar 2019

    Assalamoalikum sir you can send me i.com all subjects pairing schemes

    Like (2)
    Reply
  • A

    Abdul Hannan

    19 Mar 2019

    it's really good website for us

    Like (2)
    Reply
  • S

    Sana

    14 Nov 2018

    Bht acha hai hmare liy

    Like (2)
    Reply
  • S

    Siddique

    01 Nov 2018

    Test

    Like (1)
    Reply
  • Q

    Qaswa

    15 Apr 2018

    Gud

    Like (1)
    Reply
  • N

    Noor

    08 Apr 2018

    guds

    Like (2)
    Reply
X

Sign in

to continue to ilmkidunya.com

inquiry-image

Free Admission Advice

Fill the form. Our admission consultants will call you with admission options.

X

Sign in

to continue to ilmkidunya.com

X

Sign in

to continue to ilmkidunya.com

X

Forgot Password

to continue to ilmkidunya.com

X

Register Type

Please Provide following information to Register

  • Student
  • Tutor
  • Consultant
  • Employer