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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.
By the end of the year students do not find enough time to write and prepare their papers because of time shortage, ilmkidunya has provided a solution for I.Com part 2 students. ICom part 2 Students can prepare their Principles of Accounting subject on this page by attempting this online MCQs objective paper. I.Com part 2 students can attempt Principles of Accounting objective paper as many times as they want. In this case I.com students will be able to prepare their principles of accounting paper in a better way with complete guidelines.
Ilmkidunya is the largest educational website of Pakistan which contains all up to date data for students of every field of subjects related to schools, colleges and universities. Every field of students can find help for their educational problems here. Ilmkidunya has given a great opportunity to I.Com part 2, HSSC part 2 students to prepare their papers online so that they can perform better in their annual exams. These online papers contain thousands of objective MCQs and by solving these online papers, ICom part 2 students can judge their preparation for annual exams.
Principles of Accounting Icom Part 2 English Medium Online Test
Try The Principles of Accounting Icom Part 2 English Medium Online Test
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Total Questions15
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Time Allowed20
Principles of Accounting Icom Part 2 English Medium Online Test
00:00
Question # 1
In income and expenditure account
Question # 2
The maximum number of member in case of public limited company can be
Question # 3
Gaining ratios are equal to.
Question # 4
The balance of revaluation accoun tis transferred to the old partners capital accounts in their.
Question # 5
If the price required to be paid to the company for the share is more than nominal value of that share, it is called.
Question # 6
If the price required to be paid to the company for the share is equal to the nominal value of that share it is called.
Question # 7
The amount payable to the retiring partner is shown in the balance sheet of partnership as.
Question # 8
The sum total of the nominal vaue of shares of company is called is.
Question # 9
Those debentures which carry no security as to payment of interest or repayment of principal, are known as.
Question # 10
Surplus balance cna be shown in the balnce sheet as.
Question # 11
An income and expenditure account is.
Question # 12
Income and expenditure account is credited with all.
Question # 13
Old prifit sharing ratio minus new profit sharing ratio is equal for.
Question # 14
Un recorded liability when paid on dissolution of the firmis debited to.
Question # 15
Income and expenditur eaccount is prepared at the
Here is List Of Chapter Wise Tests
| Ch. # | Test Name | MCQs Available | PDF File | Launch Test |
|---|---|---|---|---|
| 0 | Principles of Accounting Icom Part 2 English Medium Chapter 1 Online Test | 53 | Download PDF | Launch Test |
| 0 | Principles of Accounting Icom Part 2 English Medium Chapter 2 Online Test | 67 | Download PDF | Launch Test |
| 0 | Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test | 40 | Download PDF | Launch Test |
| 0 | Principles of Accounting Icom Part 2 English Medium Chapter 4 Online Test | 30 | Download PDF | Launch Test |
| 0 | Principles of Accounting Icom Part 2 English Medium Chapter 5 Online Test | 20 | Download PDF | Launch Test |
| 0 | Principles of Accounting Icom Part 2 English Medium Chapter 6 Online Test | 21 | Download PDF | Launch Test |
| 0 | Principles of Accounting Icom Part 2 English Medium Chapter 7 Online Test | 23 | Download PDF | Launch Test |
| 0 | Principles of Accounting Icom Part 2 English Medium Chapter 8 Online Test | 60 | Download PDF | Launch Test |
| 0 | 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 | The liability of the shareholder of a public limited company is. |
A. Unlimited
B. Limited
C. Compulsory
D. None of these
|
| 2 | The Receipt and payment account is the summery of the |
A. Cash book
B. Balance sheet
C. Trqail balance
D. Proft and loss account
|
| 3 | In single entry system both the aspects, debit and credit of a transaction are not recorded soit is. |
A. Incomplete and unscientific
B. Complete and scientific
C. Incompleted and scientific
D. Complete and unscientific
|
| 4 | Depreciation is charged on. |
A. Fixed tangible assets only
B. Fixex intangible assets only
C. Current assets only
D. None of these
|
| 5 | Kind of company is. |
A. 2
B. 3
C. 4
D. 5
|
| 6 | Income and expenditur eaccount is prepared at the |
A. Start of the year
B. Mid of the year
C. End of the year
D. At the start and ed of the year
|
| 7 | The income and expenditure account performs the same function as. |
A. Trading and profit and loss account
B. Manafactureng account
C. Balance sheet
D. None of these
|
| 8 | Subscription otstanding in the beginning are shown in the |
A. Trading account
B. Income and expenditure account
C. Balance sheet
D. Profit and loss account
|
| 9 | The charter of the company containing the objects of whihc for company is being formed is called. |
A. Articles of association
B. Prospectus
C. Memorandum of associaton
D. Notice
|
| 10 | Income and expenditure account is credited with all. |
A. Expenses
B. Incomes
C. Assets
D. Liabilities
|
ICOM Part 2 English Medium Principles of Accounting Test
Test Questions
Share your comments & questions here
Konain
23 Mar 2019yahn p MCQs ky ilawa subjective k test nhi hota plz help me
ZaiN AwaN
07 Apr 201815/14
Abdul Rehman
02 Feb 2018moja 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
Abdul Rehman
02 Feb 2018plz help me
raja toseef
16 Nov 2017sir mujy princepal of accounting icom part ll k chapter numbar 25 depression ki problims karwa dain ap ki bhot mahrbani ho ge plzzzzzzz