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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
Income received in advance during the year is
Question # 2
All cash purchases and cash sales are recorded in
Question # 3
When a drawer discounts a bill, he debits
Question # 4
When a Bill is dishonoured, the holder of the bill goes to an official called
Question # 5
A ______ is a large columnar sheet of paper
Question # 6
An expenditure which is incurred again and again is a:
Question # 7
How many columns are drawn on one side of three column cash book ?
Question # 8
Subsidiary books are called the book of:
Question # 9
The process of totaling the data at the end of the period is called
Question # 10
At the time of drawing a bill the drawer credits:
Question # 11
A credit sale was wrongly passed through purchases book, the rectification of the entry will:
Question # 12
Net Profit is transferred to
Question # 13
In double entry system of bookkeeping every business transaction affects:
Question # 14
Narration is always written:
Question # 15
The accounts of assets and properties
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 accounts of expenses, incomes, losses and gains |
A. real accounts
B. valuation accounts
C. nominal accounts
D. personal accounts
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| 2 | Profit & Loss a/c is prepared to ascertain |
A. Gross Profit
B. Net Profit
C. Gross Loss
D. Real Profit
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| 3 | When a bill is discharged the acceptor debits: |
A. Creditors account
B. Cash account
C. Bill payable account
D. Bill receivable account
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| 4 | Octori duty paid on machinery, is an example of |
A. Revenue expenditure
B. Recurring expenditure
C. Capital expenditure
D. Both a & b
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| 5 | In accounting all business transactions are recorded which have: |
A. Dual aspect
B. Single aspect
C. None of the above
D. Economic aspect
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| 6 | ______ is prepared to avoid errors in the permanent records of accounting |
A. Work sheet
B. Ledger
C. Bank statement
D. Balance sheet
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| 7 | If there is any error in Bank account it will affect |
A. Trading and profit and loss account
B. Profit and loss account
C. Trading account
D. Balance sheet
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| 8 | The person to whom a bill is addressed is the: |
A. Debtor
B. Creditor
C. Holder
D. Agent
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| 9 | The gross amount of goods sold or services performed during an accounting period is known as |
A. Purchase
B. Sale
C. Gross profit
D. Net profit
|
| 10 | Which column is prepared in single column cash book? |
A. Bank Column
B. Cash Column
C. Discount Column
D. All of the Above
|
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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