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12th Class Principles of Accounting Test

Here you can prepare 12th Class Principles of Accounting English Medium Test. Click the button for 12th Class Principles of Accounting English Medium 100% free full practice test.

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.

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ICOM Part 2 Accounting Test
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Top Scorers of Principles of Accounting Icom Part 2 English Medium Online Test

O

Omisha Roy

Lahore27 - Apr - 2024

15/15
25 Sec
O

Omisha Roy

Lahore28 - Apr - 2024

15/15
25 Sec
A

Ali Ashraf

Lahore08 - May - 2024

15/15
26 Sec
O

Omisha Roy

Lahore27 - Apr - 2024

15/15
27 Sec
O

Omisha Roy

Lahore29 - Apr - 2024

15/15
56 Sec
O

Omisha Roy

Lahore28 - Apr - 2024

15/15
01 Mins 10 Sec
A

Ahmad Hayat

Lahore30 - Apr - 2024

15/15
02 Mins 04 Sec
O

Omisha Roy

Lahore28 - Apr - 2024

15/15
02 Mins 49 Sec
O

Omisha Roy

Lahore28 - Apr - 2024

15/15
02 Mins 50 Sec
O

Omisha Roy

Lahore27 - Apr - 2024

15/15
03 Mins 18 Sec
R

Rayan Haider

Lahore29 - Apr - 2024

15/15
09 Mins 10 Sec
R

Rayan Haider

Lahore29 - Apr - 2024

15/15
09 Mins 10 Sec
O

Omisha Roy

Lahore27 - Apr - 2024

14/15
25 Sec
O

Omisha Roy

Lahore28 - Apr - 2024

14/15
25 Sec
O

Omisha Roy

Lahore28 - Apr - 2024

14/15
25 Sec

12th Class Principles of Accounting MCQ Test With Answer for Principles of Accounting Full Book

Sr. # Questions Answers Choice
1 The document which contains the fundamental conditions of incorporation and the obejedcts for which the company was formed is called.
  • A. Memorandum of association
  • B. Article of association
  • C. Prospectus
  • D. None of he above
2 Capital fun of non trading concern is equal to.
  • A. Assets + Income
  • B. Assets + Liabilities
  • C. Expenditure + Liabilities.
  • D. Assets - Liabilities
3 The amount charged as depreciation goes on declining in
  • A. Depletion fund method
  • B. Auunity method
  • C. Diminishing balance method
  • D. Straiight line method
4 Receipt and payment account is prepared at the.
  • A. Start of the year
  • B. End of the year
  • C. Mid of the financeial year
  • D. None of these
5 Subcription received during the current year is.
  • A. An income
  • B. An expenditure
  • C. An asset
  • D. An liability.
6 The joint stock company is formed under companies ordiance.
  • A. 1984
  • B. 1974
  • C. 1884
  • D. 1962
7 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"
8 The relation ship between consignor and consignee is thet of.
  • A. Buyer and seller
  • B. Debtorsde creditor
  • C. Whole seller or retailer
  • D. Principal and agent
9 To calculate the true net profit or net loss in single entry system it is necessary that the amount of fresh capital should be subtracted from,
  • A. Adjusted closing capital
  • B. Closing capital
  • C. Cash in hand
  • D. Cash at bank
10 Example of non-profit making organization
  • A. Fan factory
  • B. Sugar industry
  • C. Hospital
  • D. Shoe factory

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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

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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)
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  • A

    Abdul Rehman

    02 Feb 2018

    plz help me

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  • 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

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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
  • T

    Talib

    27 Feb 2016

    good job

    Like
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  • M

    Mahnoor

    29 Jan 2016

    its very Interesting. best website

    Like (2)
    Reply
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