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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
Goods returned by customers are
Question # 2
The credit purchases were wrongly recorded in sales book, the rectification of entry
Question # 3
Office rent is a
Question # 4
The valuation of closing stock is at
Question # 5
Personal account are related to:
Question # 6
A prepaid expense is
Question # 7
A book which is used to record small expenses is called
Question # 8
The act result of the business activities is shown by:
Question # 9
The balance of the trading account is the transferred to:
Question # 10
The account of depreciation of building of Rs. 30,000 at 5% p.a. will be
Question # 11
The first successful step of Double Entry System is
Question # 12
An expenditure incurred to the increases the profit earning of the concern is a:
Question # 13
A receipt is revenue in nature, if it relates to:
Question # 14
Worksheet contains ______ pairs of money columns
Question # 15
Excise duty is a
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 | Expenses related to sale of goods are shown in |
A. Trading account
B. Profit or loss account
C. Balance sheet
D. Sales account
|
| 2 | For every debit, there is a credit |
A. going concern concept
B. dual aspect concept
C. matching concept
D. cost concept
|
| 3 | All the time of endorsement of a bill the drawer credits: |
A. The drawee account
B. The endorser's personal account
C. Bill receivable account
D. Endorser's account
|
| 4 | Any difference in trial balance is transferred to |
A. sales account
B. nominal account
C. purchases account
D. suspense account
|
| 5 | Modern system of bookkeeping is |
A. single entry system
B. double entry system
C. modern system
D. none of these
|
| 6 | If any income omitted to be recorded it will |
A. Overstate the profit
B. Understate the profit
C. Both a & b
D. having no effect on profit
|
| 7 | Allowance for doubtful debts normally has a |
A. Debit balance
B. Credit balance
C. Both debit & credit balance
D. None of these
|
| 8 | Real accounts are related to: |
A. Assets
B. Expenses, losses and incomes
C. Customers, creditors
D. Incomes
|
| 9 | All revenue expenditure are taken to |
A. Trading a/c
B. Trading & profit or Loss a/c
C. Profit or loss a/c
D. Balance sheet
|
| 10 | At the time of drawing a bill the drawer credits: |
A. Debtors account
B. Creditors account
C. bill receivable account
D. Suppliers 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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