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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

S

S.M.ABDULLAH SHAH

Lahore02 - Feb - 2024

14/15
42 Sec
K

Kalsoom

Lahore11 - Jan - 2024

12/15
04 Mins
S

Shah Faisal

Lahore08 - Feb - 2024

11/15
06 Mins 20 Sec
M

Maher Naveed

Lahore23 - Dec - 2023

11/15
08 Mins 02 Sec
D

Dawood Khan

Lahore10 - Jan - 2024

11/15
09 Mins 57 Sec
M

Muhammad Rehmani

Lahore06 - Dec - 2023

10/15
25 Sec
S

S.M.ABDULLAH SHAH

Lahore02 - Feb - 2024

9/15
01 Mins 54 Sec
M

Muhammad Rehmani

Lahore06 - Dec - 2023

8/15
02 Mins 26 Sec
M

Muhammad Rehmani

Lahore05 - Dec - 2023

8/15
02 Mins 34 Sec
U

Ubiad Shah

Lahore16 - Dec - 2023

8/15
04 Mins 47 Sec
S

Shah Faisal

Lahore08 - Feb - 2024

8/15
05 Mins 05 Sec
R

Rabiya Batavia

Lahore02 - Dec - 2023

8/15
05 Mins 07 Sec
R

Rabiya Batavia

Lahore02 - Dec - 2023

8/15
05 Mins 17 Sec
S

Shah Faisal

Lahore07 - Feb - 2024

8/15
05 Mins 51 Sec
N

Naima Mahmood

Lahore06 - Feb - 2024

8/15
11 Mins

11th Class I.Com Part 1 Principles of Accounting MCQ Test With Answer for Principles of Accounting Full Book

Sr. # Questions Answers Choice
1 The price of goods sold or services rendered to the customers is called
  • A. Sale
  • B. Profit
  • C. Expense
  • D. Revenue
2 Any mistake in ledger can be easily detected with the help of:
  • A. Journal 
  • B. Balance sheet
  • C. Trial balance
  • D. Financial statement
3 Which of the following discloses the financial position of the business
  • A. Trading account
  • B. Profit or loss account
  • C. Profit or loss appropriation account
  • D. Balance sheet
4 The cash book is a 
  • A. Subsidiary Journal
  • B. Ledger Account
  • C. Subsidiary Journal and Ledger
  • D. Trial Balance
5 Some expenses are incurred at the time of the sate of an asset. The Amount will be debited to:
  • A. Assets account
  • B. Expenses account
  • C. Cash account
  • D. Purchases account
6 When cheque received, and deposited into bank, bank account must be
  • A. Credited
  • B. Debited
  • C. Both debited & credited
  • D. None of these
7 Wages paid for the erection of machine debited to wages account is an example of
  • A. Error of omission
  • B. Error of commission
  • C. Error of principle
  • D. None of these
8 In the preparation of worksheet the amounts in the trail balance are taken directly form the ______
  • A. Ledger
  • B. Trail balance
  • C. Balance sheet
  • D. None of these
9 کسی شے کے مسلسل اور لگاتار استعمال سے مختتم افادہ میں کمی آتی جاتی ہے بشرطیکہ دیگر امور بدستور ہیں اس قانون کو کہتے ہیں
  • A. قانون تقلیل افادہ مختتم
  • B. قانون مساوی افادہ مختتم
  • C. قانون طلب
  • D. قانون تقلیل حاصل
10 The expenses which are incurred for the generation of revenues from the sales of goods are called
  • A. Non-operating expenses
  • B. Selling expenses
  • C. Operation expenses
  • D. Administrative expenses

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    21 Dec 2019

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    25 Dec 2019

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    30 Aug 2019

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    20 Mar 2019

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    18 Dec 2018

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    01 Nov 2018

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    02 Jan 2018

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    Bro

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    17 Mar 2018

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