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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.

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

E

Emaan Bokhari

Lahore20 - Sep - 2023

15/15
01 Mins 45 Sec
M

Maryam

Lahore22 - Jul - 2023

11/15
03 Mins 37 Sec
H

Hamza Abid

Abbottabad14 - Jul - 2023

11/15
10 Mins 50 Sec
M

Maryam

Lahore20 - Jul - 2023

10/15
02 Mins 21 Sec
M

Maryam

Lahore20 - Jul - 2023

10/15
03 Mins 25 Sec
M

Maher Ahsan

Lahore02 - Aug - 2023

10/15
04 Mins 34 Sec
S

Sohera Aslam

Lahore20 - Aug - 2023

10/15
04 Mins 49 Sec
M

Muhammad Saqlain Gondal

Lahore21 - Jul - 2023

9/15
02 Mins 25 Sec
M

Maher Ahsan

Lahore02 - Aug - 2023

9/15
04 Mins 07 Sec
S

Saad Kamran

Lahore23 - Jul - 2023

9/15
05 Mins 21 Sec

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

Sr. # Questions Answers Choice
1 A new partner may be admitted to a partnership.
  • A. With the consent of all the partners
  • B. With the consent of any one of the partners
  • C. With consent of two third the old partners
  • D. Without the consent of old partners
2 Generatal reserve at the time of dissolution is transferred to
  • A. All partners capital accounts
  • B. Realization account
  • C. Solvent partners capital account
  • D. Insolvent patner's capital account
3 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
4 The method is specially suited to natural surces is said to be
  • A. Annuity method
  • B. Depletion method
  • C. Revalution method
  • D. Sum of digit method
5 Normaly the discount on the shares should not exceed from
  • A. Five percent
  • B. Eight percent
  • C. Twenty percent
  • D. Ten percent
6 A person who is elected to run the club
  • A. Treasurer
  • B. Secretary
  • C. Chairperson
  • D. President
7 When the incoming partner pays the firm for good willin cash the amount should be debited to firms books to.
  • A. Good will accounts
  • B. Cash Account
  • C. Capital account of the incoming partner
  • D. All of the above
8 A partner who is newly admitted to the firm with the consent of all the parties is called.
  • A. Salaried partner
  • B. Incoming partner
  • C. Junior partner
  • D. Minor partner
9 Single entry system is generally adopted by,
  • A. Small business concerns
  • B. Large business concerns
  • C. Medium business concerns
  • D. All of the above
10 In the absence of any agreement Reserve on dissolution of a partnership firm is credited to the partners.
  • A. In capital ratio
  • B. In profit sharing ratio
  • C. Equality
  • D. None of these

Share your comments questions here
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  • Konain

    23 Mar 2019

    yahn p MCQs ky ilawa subjective k test nhi hota plz help me

    Like (1)
    Reply
  • Z

    Zain Awan

    07 Apr 2018

    15/14

    Like
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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

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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

    Like
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  • S

    Shahrukh

    21 Apr 2016

    no question

    Like
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  • 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

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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
    Reply
  • T

    Talib

    27 Feb 2016

    good job

    Like
    Reply
  • M

    Mahnoor

    29 Jan 2016

    its very Interesting. best website

    Like (1)
    Reply
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