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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
Receipts which are non-recurring by nature:
Question # 2
Unfavourable balance means
Question # 3
Preliminary expenses paid in the formation of a company is a
Question # 4
All the time of endorsement of a bill the drawer credits:
Question # 5
An expenditure which is incurred again and again is a:
Question # 6
How many parties are involved in case of Discounting of a bill ?
Question # 7
The balance of the trading account is the transferred to:
Question # 8
Bad debts are business
Question # 9
Wrong allocation of capital and revenue items of expenses represents
Question # 10
Contain all residual account
Question # 11
Which cash is paid or received in an exchange the transaction is called:
Question # 12
The accrued income or outstanding income will appear in the balance sheet as
Question # 13
Interest on drawings is
Question # 14
The favorable balance of bank statement is
Question # 15
A Ledger is a book in which
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 | It is used to record only cash receipts and payments |
A. Single column cash book
B. Double column cash book
C. Treble column cash book
D. Sales book
|
| 2 | Goodwill, patent, copyright and trade mark are |
A. Wasting assets
B. Intangible assets
C. Fictitious assets
D. Liquid assets
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| 3 | Expired cost of fixed assets means |
A. Appreciation
B. Amortization
C. Depreciation
D. None of these
|
| 4 | Credit Balance of pass book must be equal to debit balance of |
A. Cash Book
B. Bank Ledger
C. Clients other Account
D. None of these
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| 5 | An expenditure which is incurred again and again is a: |
A. Capital expenditure
B. Future expenditure
C. Deferred expenditure
D. Revenue expenditure
|
| 6 | Transaction are recorded data wise, so journal is also called: |
A. Entry book
B. Transaction book
C. Chronological book
D. Voucher
|
| 7 | Bad debts are business |
A. Expenses
B. Liabilities
C. Assets
D. Revenue
|
| 8 | Unfavorable balances mean |
A. Credit balance in the pass book
B. Credit balance in the cash book
C. Debit balance in bank statement
D. Both b & c
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| 9 | The expenditures which reduce revenue (profit) of the business are: |
A. Revenue expenditures
B. Capital expenditure
C. Fixed expenditures
D. Future expenditures
|
| 10 | Any difference in trail balance, is transferred to |
A. Sales account
B. Nominal account
C. Purchases account
D. Suspense account
|
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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