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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

A

Adnan

Lahore09 - Oct - 2021

12/15
04 Mins
A

Adnan

Lahore09 - Oct - 2021

12/15
04 Mins 58 Sec
G

Geeta

Lahore30 - Oct - 2021

11/15
04 Mins 49 Sec
M

Muhammad Shabir

Lahore09 - Nov - 2021

11/15
10 Mins 31 Sec
M

Muhammad Shabir

Lahore08 - Nov - 2021

9/15
04 Mins 36 Sec
A

Adnan

Lahore09 - Oct - 2021

8/15
03 Mins 15 Sec
E

Ehtisam Banaras

Lahore06 - Sep - 2021

8/15
04 Mins 17 Sec
H

Hadia Hadia

Lahore02 - Dec - 2021

8/15
04 Mins 37 Sec
G

Geeta

Lahore30 - Oct - 2021

8/15
05 Mins 56 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 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
2 Wages paid of installing a machine should be debited to
  • A. Wages a/c
  • B. cash a/c
  • C. Machinery a/c
  • D. None of these
3 An expenditure incurred in increasing the efficiency of a fixed asset is called:
  • A. Revenue expenditure
  • B. Capital expenditure
  • C. Current expenditure
  • D. None of these
4 Financial accounting is mainly confined to preparation of:
  • A. Manufacturing statement
  • B. Financial statements
  • C. Production statement
  • D. Sale statement
5 Bill receivable book represents
  • A. Ledger
  • B. Journal
  • C. Trail balance
  • D. All of above
6 A bill from the point of view of a creditor is called a:
  • A. Bill payable
  • B. Bill receivable
  • C. Bil acceptable
  • D. Bill rejectable
7 Cash account is a:
  • A. Personal account
  • B. Real account
  • C. Nominal account
  • D. Both real and personal account
8 A many buy  Rs. 40,000 worth good and sells them for Rs. 50,000. His gross profit is:
  • A. Rs.10,000
  • B. Rs.20,000
  • C. Rs,30,000
  • D. Rs. 40,000
9 Accounting records of a business enterprise are required by
  • A. management of the business
  • B. outsiders
  • C. all of the above
  • D. none of the above
10 In case of a debt becoming bad, the amount should be credited to
  • A. Debtor's a/c
  • B. Bad Debts a/c
  • C. Sales a/c
  • D. cash a/c

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    Guest User

    21 Dec 2019

    very good website 19/20 o very nice

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    Admin

    25 Dec 2019

    Thanks for your feedback

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    Khubaib Ahmad

    30 Aug 2019

    good

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    Akash

    20 Mar 2019

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    20 Mar 2019

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    19 Mar 2019

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    14 Nov 2018

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    18 Dec 2018

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    01 Nov 2018

    Test

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    15 Apr 2018

    Gud

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    08 Apr 2018

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    Iqra

    02 Jan 2018

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    Bro

    08 Apr 2018

    can u please help me i need principles of accounting i com part 1 chapter 3 coz i lost its pages +_+

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    Zeeshan Qamar

    17 Mar 2018

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