ic

ICOM Part 2 English Medium Principles of Accounting Test

ic

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.

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.

 

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

Start Full Book Test

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 Amount received by the way of gift from any person or organization is called.
  • A. Donation
  • B. Subscription
  • C. Legacy
  • D. None of these
2 Receipt and payment account starts with the.
  • A. Opening balance
  • B. Ending balance
  • C. Beginning or ending balance
  • D. None of these
3 Good will is.
  • A. Tangible asset
  • B. Imtamgon;e asset
  • C. Wasting assets
  • D. Frictious assets
4 Another name of diminishing balance method of depreciation is the
  • A. Reducing balance method
  • B. Sinking fund method
  • C. Straight line mehod
  • D. Revaluation method
5 Investment in partnership is made byintroducing.
  • A. Cash
  • B. Non cash assets
  • C. Cash or non cash assets
  • D. None of these
6 The dividend paid to the shareeholders duirng the financial year is.
  • A. Redeemable debentures
  • B. Irredeemable debentures
  • C. Repayable debebtures
  • D. None of these
7 Profit and loss on revalution at the time of retirement must be transerred to the partners in.
  • A. Capital ratio
  • B. Old prifit sharing ratio
  • C. New profit sharing ratio
  • D. Gaining ratio
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 Maximum numebr of the partners in an ordinary Partinership.
  • A. Ten partners
  • B. Twentry partners
  • C. Thirty partners
  • D. Fourth partners
10 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

Share your comments questions here
Sort By:
  • 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

    Like
    Reply
  • Z

    Zain Awan

    07 Apr 2018

    15/14

    Like
    Reply
  • 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

    Like
    Reply
  • 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

    Like
    Reply
  • 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
X

Sign in

to continue to ilmkidunya.com

inquiry-image

Free Admission Advice

Fill the form. Our admission consultants will call you with admission options.

X

Sign in

to continue to ilmkidunya.com

X

Sign in

to continue to ilmkidunya.com

X

Forgot Password

to continue to ilmkidunya.com

X

Register Type

Please Provide following information to Register

  • Student
  • Tutor
  • Consultant
  • Employer