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

Principles of Accounting Icom Part 2 English Medium Online Test

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  • Total Questions15

  • Time Allowed20

Principles of Accounting Icom Part 2 English Medium Online Test

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Question # 1

In single entry system both the aspects, debit and credit of a transaction are not recorded soit is.

Question # 2

The debentures which does not carry any charges o the assets of the company.

Question # 3

If the debit side of the recipt and payment account exceeds the credit side it represents.

Question # 4

Depreciation under diminishing balance method ont he cost price of the fixex asset of Rs. 50.000 after two year @10% will be

Question # 5

Consignment signifies.

Question # 6

The Receipt and payment account is the summery of the

Question # 7

Amount due to the deceased partner is generally transferred to

Question # 8

The opening and closing balance of bills Receivable can be calculated by preparing the.

Question # 9

The expense incurred by the oconsignee in connection with the sale of the consignment goods are debited to.

Question # 10

Dividend is calculated on.

Question # 11

For the commission due to the consignee on the sales of goods in the books of the consignor will be credited to.

Question # 12

A person who purchases the share of the company becomes its.

Question # 13

Income and expenditure accout is usually accompanied by.

Question # 14

If any partner takes over any asset at the time of dissolution then it should be debited to.

Question # 15

Opening capital is calculated by taking the difference between,


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ICOM Part 2 English Medium Principles of Accounting Test

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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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