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ICOM Part 2 English Medium Principles of Accounting Test

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12th Class Principles of Accounting MCQ Test With Answer for Principles of Accounting Full Book

Principles of accounting are the rules and guidelines to report financial data, the general guidelines and principles, standards and detailed rules, plus industry practices that exist for financial reporting.

Principles of Accounting HSSC part 2, I.Com part 2 objective paper consists of MCQs of 20 marks and it has to be attempted in first 25 minutes. This objective MCQs section is compulsory.

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ICOM Part 2 English Medium Principles of Accounting MCQ's Test

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ICOM Part 2 Principles of Accounting Chapter Wise Online MCQ's Test

Top Scorers of Principles of Accounting Icom Part 2 English Medium Online Test

M

Maliha Roy

Lahore27 - Apr - 2025

15/15
23 Sec
M

Maliha Roy

Lahore27 - Apr - 2025

15/15
23 Sec
S

Saiqa Tayyab

Lahore12 - Jun - 2025

15/15
29 Sec
M

M Asif

Lahore12 - Jun - 2025

15/15
01 Mins 06 Sec
M

M Asif

Lahore12 - Jun - 2025

15/15
01 Mins 06 Sec
W

Wasay Malik Chef

Lahore15 - Jun - 2025

15/15
02 Mins 59 Sec
Q

Q Zahra

Lahore07 - May - 2025

15/15
03 Mins 56 Sec
M

M Asif

Lahore14 - Jun - 2025

15/15
05 Mins 05 Sec
M

M Asif

Lahore14 - Jun - 2025

15/15
05 Mins 05 Sec
M

Maliha Roy

Lahore27 - Apr - 2025

14/15
23 Sec
M

Maliha Roy

Lahore27 - Apr - 2025

14/15
23 Sec
M

Maliha Roy

Lahore27 - Apr - 2025

14/15
23 Sec
S

Saiqa Tayyab

Lahore12 - Jun - 2025

14/15
29 Sec
S

Saiqa Tayyab

Lahore12 - Jun - 2025

14/15
29 Sec
M

M Asif

Lahore12 - Jun - 2025

14/15
01 Mins 06 Sec

12th Class Principles of Accounting MCQ Test With Answer for Principles of Accounting Full Book

Sr. # Questions Answers Choice
1 Registered company is
  • A. 2
  • B. 3
  • C. 4
  • D. 5
2 When the incoming partner pays the firm for good willin cash the amount should be debited to firms books to.
  • A. Good will accounts
  • B. Cash Account
  • C. Capital account of the incoming partner
  • D. All of the above
3 premium on issue of shares is shown in.
  • A. Assets side of balance sheet
  • B. Liabilities side of balance sheet
  • C. Trading account
  • D. Profit and loss account
4 In the absence of an agreement partners shall
  • A. Be paid salaries
  • B. Not to be paid the salaries
  • C. Be paid salaries by the consent of the pariners
  • D. Be paid salaris to thos who worked for the firm
5 The losses arise in consignment transactions, such as loss of goods in transit, theft, goods damaged or destroyed by fire etc are.
  • A. Normal losses
  • B. Additional loss
  • C. Abnormal losses
  • D. Both abnormal and normal loss
6 A partner goes out of a firm due to certain event or reason is known as.
  • A. Retired or out going partner
  • B. Junior partner
  • C. Senior partner
  • D. Minor partner
7 If the debit side of the recipt and payment account exceeds the credit side it represents.
  • A. Bank over draft
  • B. Cash at bank
  • C. Surplus balnce
  • D. Deficit balance
8 Single entry systme can bot be maintained by.
  • A. Sole owner
  • B. Partnership concern
  • C. Joint stock companies
  • D. All of the above
9 Non- trading concern prepare.
  • A. Profit and loss account
  • B. Income and expenditure account
  • C. Manufactureing account
  • D. None of these
10 For the firm, interest on drawing is.
  • A. Expense
  • B. Income
  • C. Liability
  • D. None of these

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  • Unzilazaidi Unzilazaidi

    05 Jun 2025

    Test ka result show q nhi horha??

    Like
    Reply
  • Babar Hassan Butt

    24 Apr 2025

    Accounting Mcq urdu ma ni ho sakty

    Like
    Reply
  • K

    Konain

    23 Mar 2019

    yahn p MCQs ky ilawa subjective k test nhi hota plz help me

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    Reply
  • Z

    Zain Awan

    07 Apr 2018

    15/14

    Like
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  • A

    Abdul Rehman

    02 Feb 2018

    moja kuch bi nhi ata plz i request you k moja sb smjaa da sir plz plz mein kaam krta hun jis ki wjja sa mein study ko time nhi da skka plzz help me

    Like (1)
    Reply
  • A

    Abdul Rehman

    02 Feb 2018

    plz help me

    Like
    Reply
  • R

    Raja Toseef

    16 Nov 2017

    sir mujy princepal of accounting icom part ll k chapter numbar 25 depression ki problims karwa dain ap ki bhot mahrbani ho ge plzzzzzzz

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  • S

    Shahrukh

    21 Apr 2016

    no question

    Like
    Reply
  • Z

    Zani Javed

    20 Apr 2016

    can u telll me that how given the test of geoghraphy and banking because these sub is not availabe their plzzzzzzzzzzzzzzzzz telllll me about these subbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

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  • Z

    Zani Javed

    06 Apr 2016

    how given the entry test of banking and an other sub plz plz plz help me about this matter.

    Like (1)
    Reply
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