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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
Error due to wrong allocation as expenditure between capital and revenue is regarded as:
Question # 2
Which one of the following is a direct expense?
Question # 3
Acceptance to Mr. A was posted to the debit of B's account. The rectification of the entry will.
Question # 4
It is used to record cash, bank and discount transactions on debit and credit side
Question # 5
The statement which contains the explanation of different in cash book and bank statement is known as:
Question # 6
How many parties are involved in case of Discounting of a bill ?
Question # 7
Our cheque to Ali & Bros, returned dishonored should be credited to
Question # 8
Gross profit equals to
Question # 9
Nominal account are related to:
Question # 10
Rent account' is a kind of:
Question # 11
In three column cash book, discount column is
Question # 12
When a drawee honours his acceptance, he will credit
Question # 13
The favourable balance of bank statement is
Question # 14
A gradual decrease in the value of fixed assets is called
Question # 15
Subsidiary books are called books of
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 | Bad debts recovered should be credited to |
A. Balance Sheet
B. Trading a/c
C. Profit & Loss a/c
D. None of these
|
| 2 | A sheet which minimizes the chances of errors to the maximum possible extent is called |
A. Balance sheet
B. Work sheet
C. Paper sheet
D. Income statement
|
| 3 | Ahmed's cheque endorse to Akbar should be debited to |
A. Cash account
B. Cheque account
C. Akbar's account
D. Ahmed account
|
| 4 | Trading account is the account which is prepared to determine the: |
A. Only gross profit of the business
B. Only gross loss of the business
C. Gross pro0fit or the gross loss of the business
D. None of the above
|
| 5 | Suspense means |
A. certainty
B. uncertainty
C. surly
D. none of these
|
| 6 | Wrong allocation of capital and revenue items of expenses represents |
A. error of casting
B. error of principle
C. compensation error
D. error of commission
|
| 7 | Narration is always written: |
A. Above each entry
B. Below each entry
C. Between of each entry
D. None of these
|
| 8 | A ______ is a large columnar sheet of paper |
A. Worksheet
B. Balance sheet
C. Journal
D. None of these
|
| 9 | Discount deducted from the catalogue or list price is called: |
A. Trade discount
B. Cash discount
C. Catalogue discount
D. Credit discount
|
| 10 | Bank reconciliation statement is prepared by |
A. Banker
B. Customer's accountant
C. Auditors
D. Manager
|
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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