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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
In the preparation of the worksheet the amounts on the trail balance columns are taken directly from
Question # 2
Bill receivable account is a:
Question # 3
Goodwill, patent, copyright and trade mark are
Question # 4
An Entry which is recorded on the both sides of cash book is called
Question # 5
Capital contributed by the partners is a:
Question # 6
The credit purchases were wrongly recorded in sales book, the rectification of entry
Question # 7
The amount becomes due from the customers is called
Question # 8
Subsidiary books are called the book of:
Question # 9
An expenditure, which is completely exhausted with in the current accounting period is known as
Question # 10
A receipt is revenue in nature, if it relates to:
Question # 11
The balance of petty cash book is a/an
Question # 12
An expenditure, which is temporarily increase the profit making capacity of the business is called
Question # 13
Excise duty is a
Question # 14
When boan statement shown a debit total balance it means:
Question # 15
Double entry means
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 | Our cheque to Babar & Bros, returned dishonoured should be credited to |
A. Cheque Account
B. Cash Account
C. Bank Account
D. Babar & Bros A/c
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| 2 | 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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| 3 | The favorable balance of cash book bank column is |
A. Credit balance
B. Debit balance
C. Both debit and credit balance
D. None of these
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| 4 | The balance of the 'Caha Column' in cash book is always: |
A. Debit balance
B. Credit balance
C. Both debit and credit balance
D. None of the above
|
| 5 | Premium on issue of shares of a company represents |
A. capital loss
B. capital profit
C. capital payment
D. none of these
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| 6 | A bill from the point of view of a debtor is called |
A. Bill Acceptable
B. Bill Receivable
C. Bill Payable
D. None of these
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| 7 | Cash of sales is equal to |
A. Sales - purchases
B. Purchases - return + closing stock
C. Opening stock + Purchases (Net) - Closing stock
D. Sales + Opening stock - (Purchases + Closing stock)
|
| 8 | Which one of the following is appeared in the balance sheet ? |
A. revenue expenditure
B. capital expenditure
C. deferred revenue
D. both b,c
|
| 9 | Receipts, which are non-recurring by nature, are called |
A. revenue receipts
B. current receipts
C. capital receipts
D. capital profit
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| 10 | Allowance for discount on account receivable is calculated on the amount of account receivable |
A. Before deducting the allowance for doubtful debts
B. Left after deducting the allowance for doubtful debts
C. Before deducting the actual bad debts
D. None of these
|
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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