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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

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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
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M Asif

Lahore12 - Jun - 2025

15/15
01 Mins 06 Sec
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M Asif

Lahore12 - Jun - 2025

15/15
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Wasay Malik Chef

Lahore15 - Jun - 2025

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Q Zahra

Lahore07 - May - 2025

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03 Mins 56 Sec
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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 In the books of consignor, the loss on the consignment should be crediterd to.
  • A. Consignment account
  • B. Consigneee 's account
  • C. Profit and loss account
  • D. Gppds sent on consignemnt
2 The figure of the bills receivable can be worked out from.
  • A. Total debtors account
  • B. Total creditors account
  • C. Trail balance
  • D. Balance sheet
3 The income and expenditure account begins with.
  • A. Opening debit balance
  • B. Opening credit balance
  • C. Opening balance
  • D. None of these
4 Maximum numebr of the partners in an ordinary Partinership.
  • A. Ten partners
  • B. Twentry partners
  • C. Thirty partners
  • D. Fourth partners
5 the loss whihc arises due to natural causes such as evaporation etc is called.
  • A. Abnormal loss
  • B. Normal loss
  • C. Additional loss
  • D. None of these
6 As per the decision in Garner Va. Murray the solvent partner bring in cash equal to their share of.
  • A. Realization loss
  • B. Profit ratio
  • C. Capital ratio
  • D. None of these
7 Single entry system is suitable where,
  • A. Small amount of cash transactions are more
  • B. Large amount of cash transaction are more
  • C. Smallamount of cash transaction are more
  • D. Largeamount of cash transaction are more
8 In the books of consignee the sale of goods by the consigee credited to.
  • A. Sales account
  • B. Consignor account
  • C. Consignee's account
  • D. None of these
9 Cash received from the debtors can be find out by preparing.
  • A. Debtors account
  • B. Creditors account
  • C. Balance sheet
  • D. Trial balance
10 An additional commission paid to the consignee who gurantees the payment in case of credit sale, is called.
  • A. Bonus
  • B. Commission
  • C. Del creder commision
  • D. Credit commission

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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
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  • K

    Konain

    23 Mar 2019

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

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  • 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

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    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

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  • 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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