12th Class ICom Part 2 Principles of Accounting Chapter Wise Online MCQ Test with answers PDF English Medium

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

Here is List Of Chapter Wise Tests

Test Name	MCQs Available	PDF File	Launch Test
Principles of Accounting Icom Part 2 English Medium Chapter 1 Online Test	53	Download PDF	Launch Test
Principles of Accounting Icom Part 2 English Medium Chapter 2 Online Test	67	Download PDF	Launch Test
Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test	40	Download PDF	Launch Test
Principles of Accounting Icom Part 2 English Medium Chapter 4 Online Test	30	Download PDF	Launch Test
Principles of Accounting Icom Part 2 English Medium Chapter 5 Online Test	20	Download PDF	Launch Test
Principles of Accounting Icom Part 2 English Medium Chapter 6 Online Test	21	Download PDF	Launch Test
Principles of Accounting Icom Part 2 English Medium Chapter 7 Online Test	23	Download PDF	Launch Test
Principles of Accounting Icom Part 2 English Medium Chapter 8 Online Test	60	Download PDF	Launch Test
Principles of Accounting Icom Part 2 English Medium Chapter 9 Online Test	31	Download PDF	Launch Test

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ICom Part II Principles of Accounting Important MCQ's

Sr.#	Question	Answer
1	In case of Garner Vs. Murray rule, the decision was given is.	A. Mr. Justice james B. Mr Garner C. Mr. Justice joyee D. Mr. Murray
2	The income through admissionfee shoul dbe.	A. Capitalized B. Treated as revenue C. Treated as liability D. An expenses
3	Interest on drawing is debited to.	A. Partners capital accounts B. Profit and loss account C. Interest account D. None of these
4	A person who purchases the share of the company becomes its.	A. Share holder B. Debenture holder C. Under writer D. Promoter
5	Old prifit sharing ratio minus new profit sharing ratio is equal for.	A. Sacrifing ratios B. Gaining ratios C. Distributing ratios D. None of these
6	The end or termination of partnership is called.	A. Amalgamation B. Dissolution C. Retirement D. Admission
7	In consignment , the remuneration allowd to consignee for selling the goods of the consignor, is termed as.	A. Salary B. Wages C. Profit D. Commission
8	The value of an asset at the end of the working life is called.	A. Book value B. Scrape value C. Market value D. None of these
9	Under single entery system informatoin relating to expenses must be ascertained from the analysis of.	A. Debtors account B. Creditors account C. Sales book D. Cash book
10	Example of non-profit making organization	A. Fan factory B. Sugar industry C. Hospital D. Shoe factory

ICOM Part 2 English Medium Principles of Accounting Test

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Konain
23 Mar 2019

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

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ZaiN AwaN
07 Apr 2018

15/14

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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

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Abdul Rehman
02 Feb 2018

plz help me

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

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

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

Principles of Accounting Icom Part 2 English Medium Online Test

Principles of Accounting Icom Part 2 English Medium Online Test

Joint life policy account after the maturity of the policy shoul dbe transferred to the capital accounts of the partners in.

When the cash is received from the sale of the goods by the consigneee on behalf the consignor then it will be debited to.

Joint stock company is an Artificaial person created by

Consignee is.

The dividend paid to the shareeholders duirng the financial year is.

Subcription received during the current year is.

In case of dissolution, assets sold for cash are debited to

The abnormal loss on consignemnt is credited to.

Good will is

In case of del creder commission the liability of bad debts is on

The persons who have entered in partnership are collctive called.

Non- trading concern prepare.

Interest is debited to assets account uder the.

The method is specially suited to natural surces is said to be

Under annuity method the amount of depreciation is.

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ICom Part II Principles of Accounting Important MCQ's

ICOM Part 2 English Medium Principles of Accounting Test

Test Questions

Share your comments & questions here

Konain

ZaiN AwaN

Abdul Rehman

Abdul Rehman

raja toseef