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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
One way of avoiding errors in the permanent accounting records is to use a form which is called
Question # 2
A bill of exchange contains:
Question # 3
Drawings are deducted from
Question # 4
Expenditure, which helps to maintain the business efficiency is called
Question # 5
A bill of exchange is drawn by:
Question # 6
The body of worksheet contains
Question # 7
A revenue expenditure, the benefit of which is not confined to one accounting year is called
Question # 8
The amount by which the revenue for a particular period of time exceed from expenses incurred to generate them is called
Question # 9
Allowance for discount on account receivable is calculated on the amount of account receivable
Question # 10
Salary outstanding account relevant to:
Question # 11
When ban column of a cash book shows a debit balance it means:
Question # 12
Worksheet provides complete information for preparing
Question # 13
Errors of affect one account can be
Question # 14
A schedule of balances of all accounts is called
Question # 15
Goods purchased from Robin have been posted to Rahim account, it is an:
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 | The statement which contains the explanation of different in cash book and bank statement is known as: |
A. Bank statement
B. Cash statement
C. Balance statement
D. Bank reconciliation statement
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| 2 | Bank account is a: |
A. Personal account
B. Real account
C. Nominal account
D. None of these
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| 3 | Bad debts are business |
A. Expenses
B. Liabilities
C. Assets
D. Revenue
|
| 4 | Pass book is prepared by |
A. Debtor
B. Creditor
C. Banker
D. Customer
|
| 5 | When a bill is transferred by the drawer to his creditor, for settlement of his debts, it is called |
A. Retirement of Bill
B. Endorsement of a Bill
C. Discounting of a Bill
D. Settlement of a Bill
|
| 6 | ______ must be prepaid for testing ledger accounts, adjusting entries and financial statement |
A. Work sheet
B. Balance sheet
C. Bank statement
D. Trail balance
|
| 7 | Purchased goods on credit and for cash will affect |
A. cash & goods
B. cash & creditors
C. cash creditors & owner's equity
D. cash goods and creditors
|
| 8 | The favorable balance of bank statement is |
A. Credit balance
B. Debit balance
C. Zero balance
D. All of these
|
| 9 | Rent account' is a kind of: |
A. Real account
B. Personal account
C. Nominal account
D.
Capital account
|
| 10 | The amount of assets, liabilities, capital and drawings are extended form adjusted trail balance to the |
A. Balance sheet columns
B. Income statement columns
C. Cash columns
D. Bank columns
|
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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