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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

M

Muhammad Umer

Lahore21 - May - 2024

15/15
21 Sec
S

SHS 476

Lahore20 - May - 2024

15/15
23 Sec
S

Shazia

Lahore20 - May - 2024

15/15
28 Sec
S

SHS 476

Lahore20 - May - 2024

15/15
48 Sec
M

Muhammad Umer

Lahore21 - May - 2024

15/15
59 Sec
M

Muhammad Umer

Lahore21 - May - 2024

15/15
01 Mins 57 Sec
F

Fatima Waleed

Lahore20 - May - 2024

15/15
02 Mins 55 Sec
S

Saman Baig

Lahore20 - May - 2024

15/15
03 Mins 23 Sec
M

Muhammad Umer

Lahore21 - May - 2024

15/15
03 Mins 40 Sec
M

Muhammad Umer

Lahore21 - May - 2024

15/15
03 Mins 56 Sec
M

Muhammad Umer

Lahore21 - May - 2024

15/15
04 Mins 03 Sec
M

Moiz Mirza

Lahore26 - Apr - 2024

15/15
04 Mins 52 Sec
M

Muhammad Umer

Lahore21 - May - 2024

15/15
04 Mins 53 Sec
S

Saman Baig

Lahore20 - May - 2024

15/15
06 Mins 38 Sec
S

Saman Baig

Lahore20 - May - 2024

15/15
06 Mins 38 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 Received a cheque from Bilal Rs. 1900 in ful settlement of his debt Rs. 2000 should be debited to
  • A. Cash account
  • B. Discount allowed account
  • C. Bank account
  • D. Both a & b
2 All those expenses which have not become due but paid in advance are called
  • A. Accrued expenses
  • B. Outstanding expenses
  • C. Prepaid expenses
  • D. Payable expenses
3 Receipts, which are non-recurring by nature, are called
  • A. revenue receipts
  • B. current receipts
  • C. capital receipts
  • D. capital profit
4 A document is sent to customer when he returns the goods is called
  • A. Promissory note
  • B. Debit note
  • C. Currency note
  • D. Credit note
5 Error which affects profit and loss account relates to
  • A. Nominal account
  • B. Property account
  • C. Personal account
  • D. None of these
6 The excess of credit column over debit column in income statement is called
  • A. Net loss
  • B. Net profit
  • C. Cash balance
  • D. Gross profit
7 The amount by which the revenue for a particular period of time exceed from expenses incurred to generate them is called
  • A. Gross income
  • B. Net income
  • C. Revenue
  • D. Expenses
8 Record of business transaction in the journal is called
  • A. Detail
  • B. Summary
  • C. Narration
  • D. Entry
9 Preliminary expenses incurred before the commencement of business
  • A. revenue expenditure
  • B. capital expenditure
  • C. deferred revenue expenditure
  • D. capital loss
10 Interest due but not received is an
  • A. Outstanding expense
  • B. Accrued income
  • C. Prepaid expense
  • D. Unearned income

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