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ICOM Part 2 English Medium Principles of Accounting Test

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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 English Medium Principles of Accounting MCQ's Test

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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
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
A

Anum Fawad

Lahore22 - Mar - 2025

14/15
02 Mins 28 Sec
M

Maliha Roy

Lahore27 - Apr - 2025

13/15
23 Sec
M

Maliha Roy

Lahore27 - Apr - 2025

13/15
23 Sec
T

Tariq Mohmood

Lahore02 - Mar - 2025

13/15
03 Mins 52 Sec
M

Maliha Roy

Lahore27 - Apr - 2025

12/15
23 Sec
M

Maliha Roy

Lahore27 - Apr - 2025

12/15
23 Sec
I

Irha Tariq

Lahore21 - Apr - 2025

12/15
02 Mins 14 Sec
I

Irha Tariq

Lahore21 - Apr - 2025

12/15
02 Mins 26 Sec
B

Bareera Shahzad 380

Lahore12 - Mar - 2025

12/15
02 Mins 54 Sec
I

Irha Tariq

Lahore21 - Apr - 2025

12/15
02 Mins 57 Sec

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

Sr. # Questions Answers Choice
1 For the expenses incurred by the consignee on the sale of goods will be credited in the books of the consignor.
  • A. Cash account
  • B. Consignee personal account
  • C. Consignment account
  • D. None of the above
2 Depreciation is
  • A. An Income
  • B. An expense
  • C. A loss
  • D. A liability
3 Under the straight line method of charging depreciation, the amount of deperciation .
  • A. Decrease every year
  • B. Increase every year
  • C. <div>Remain constant every year</div>
  • D. None of the above
4 Receipts and payments account records the transactions of
  • A. Revenue nature
  • B. Capital nature
  • C. Revenue and capital nature
  • D. None of these
5 Excess of liablilities over assets is an indication of .
  • A. Solvency
  • B. Insolvency
  • C. Surplus
  • D. Profit
6 Depreciation under diminishing balance method ont he cost price of the fixex asset of Rs. 50.000 after two year @10% will be
  • A. RS. 5,000
  • B. Rs. 4050
  • C. Rs.4500
  • D. Rs. 40,000
7 Debenture holders are.
  • A. Creditors
  • B. Owners
  • C. Customers of the company
  • D. Debtors
8 The agreement among the partners which sets out the term is which they have agreed to form a partnership is called.
  • A. Partnership deed
  • B. Aribtrartio clause
  • C. Partnership at will
  • D. None of these
9 The income through admissionfee shoul dbe.
  • A. Capitalized
  • B. Treated as revenue
  • C. Treated as liability
  • D. An expenses
10 Profit on revalutin is to be caredited to old partners in their
  • A. Sacrificing ratio
  • B. New profit shiaring ratio
  • C. Old prift sharing ratio
  • D. Equal prift sharing ratio

Share your comments questions here
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  • 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

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    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
  • T

    Talib

    27 Feb 2016

    good job

    Like
    Reply
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