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Online Tests
Principles of Accounting Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
If the cash sales are missing they are to be ascertained by the construction of.
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Debtors account
Creditors account
Cash account
None of these
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Question # 2
The profit earned prior to the date of incorporatin is.
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Revenue profit
Capital profit
Capital gain
Revenue gain
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Question # 3
A situation where a company receives application for a less number of shares than offered to the public for subscription is termed as.
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Oversubscription
Under subscription
No subscription
None of these
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Question # 4
Consignee account is of the natur eof.
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Personal account
Nominal account
Real account
None of these
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Question # 5
The method for preparing the final accounts in trading concerns and non-profit making organizations are
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Same
Different
Easy
Difficult
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Question # 6
Debenture holders are.
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Creditors
Owners
Customers of the company
Debtors
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Question # 7
Dividend is calculated on.
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Registered capital
Issue Capital
Paid up Capital
Subscribed Capital
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Question # 8
A person who purchases the share of the company becomes its.
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Share holder
Debenture holder
Under writer
Promoter
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Question # 9
Receipts and payments account shows
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Debit and credit balances of ledgers
Incomes and expenditures
Cash receipts and payments
Assets and liabilities
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Question # 10
Kind of company is.
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2
3
4
5
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Question # 11
Income and expenditur eaccount is prepared on.
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Cash basis
Accrual basis
Cahs of accural basis
None of these
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Question # 12
The dividend paid to the shareholders during the finaincial year is.
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Final dividend
Interim divident
Unclaimed divident
Proposed dividend
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Question # 13
In case of retirement of a partners full good will is credited to the account of.
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Only retring partner
Only remaining partners
All partners
None of these
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Question # 14
In the books of consignee the sale of goods by the consigee credited to.
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Sales account
Consignor account
Consignee's account
None of these
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Question # 15
Due to drawings made during the year, the closing capital will,
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Increase
Decrease
Constant
Multiply
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Question # 16
The toal amount of capital, in case of company is divided into small units, these units are called.
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Bonds
Cheque
Share
Reserve
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