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	An income and expenditure account is.	A. Normal account B. Real account C. Persoanl account D. None of these
2	Both aspects of a transaction must be recorded in,	A. Single entry system B. Barter system C. Double entry system D. Islamic system
3	Revaluation account is a.	A. Real account B. Personal account C. Cash account D. Nominal account
4	Liability of the partners in partnership is.	A. Limited B. Unlimited C. Limited up to the extent of their capitals D. Depend on the will of the partners
5	The consignment inward book or journalis matinained by.	A. Consignor B. Consignee C. Customer D. Debtors
6	Income and expenditure account is equivalent to the.	A. Receipt and payment account B. Balance sheet C. Cash book D. Profit and loss account
7	Debit side of income and expenditur eaccount records.	A. Expenses and losses B. Income and gains C. Assets D. Liabilities
8	Premium on issue of share is a.	A. Capital profit B. Business loss C. Revenue profit D. Revenue loss
9	In cash book	A. Each entry is followed by narration B. Ledger reference is recorded C. Each transaction is recorded in chronological order D. All of the above
10	The basic club record or book of original entry in non-profit making organization	A. Purchase book B. Sales book C. Cash book D. "a" and "b"

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

Depreciation fund method is also known as.

Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.

Income and expenditure account records the transactions of

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

The toal amount of capital, in case of company is divided into small units, these units are called.

In single entry system nominal accounts and some assets accounts balances are not available so it is not possible to prepare,

On the dissolution of the partnership unrecorded assets if takes away by the partners is debited to.

The maximum number of memebr in case of private limited comapny can be.

Profit and loss on revalution at the time of retirement must be transerred to the partners in.

the loss whihc arises due to natural causes such as evaporation etc is called.

In the absence of an partnership agreement the pfofit and losses are divided by the partners in the ratio of.

In the absence of any agreement Reserve on dissolution of a partnership firm is credited to the partners.

Single entry systme can bot be maintained by.

For the expenses incurred by the consignee on the sale of goods will be credited in the books of the consignor.

Partnership is formed by the partners.

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Here is List Of Chapter Wise Tests

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ICom Part II Principles of Accounting Important MCQ's

ICOM Part 2 English Medium Principles of Accounting Test

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