Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
.jpg)
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.
Principles of Accounting Icom Part 2 English Medium Online Test
Try The Principles of Accounting Icom Part 2 English Medium Online Test
-
Total Questions15
-
Time Allowed20
Principles of Accounting Icom Part 2 English Medium Online Test
00:00
Question # 1
Another name of diminishing balance method of depreciation is the
Question # 2
Depreciation fund method is also known as.
Question # 3
The person who sends the goods to his agent for the purpose of sale is called.
Question # 4
The value of an asset at the end of the working life is called.
Question # 5
Single entry systme can bot be maintained by.
Question # 6
The sum total of the nominal vaue of shares of company is called is.
Question # 7
If the price required to be paid to the company for the share less than the nominal value of that share, it is called shares.
Question # 8
Where a partner become unsound mind the dissolution is considered as.
Question # 9
Abnormal loss arises due to.
Question # 10
Acceptance received durinthe period must be debited to bills receivable account and credited to.
Question # 11
Which of the following term is used for the depreciation of wasting assets such as timber tree, mines, oil wells etc.
Question # 12
In cash of net worth method of sigle entery system net profikt is ascertained by.
Question # 13
The abnormal loss on consignemnt is credited to.
Question # 14
Accured subscripttion represents.
Question # 15
The amount charged as depreciation goes on declining in
Here is List Of Chapter Wise Tests
| Ch. # | Test Name | MCQs Available | PDF File | Launch Test |
|---|---|---|---|---|
| 0 | Principles of Accounting Icom Part 2 English Medium Chapter 1 Online Test | 53 | Download PDF | Launch Test |
| 0 | Principles of Accounting Icom Part 2 English Medium Chapter 2 Online Test | 67 | Download PDF | Launch Test |
| 0 | Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test | 40 | Download PDF | Launch Test |
| 0 | Principles of Accounting Icom Part 2 English Medium Chapter 4 Online Test | 30 | Download PDF | Launch Test |
| 0 | Principles of Accounting Icom Part 2 English Medium Chapter 5 Online Test | 20 | Download PDF | Launch Test |
| 0 | Principles of Accounting Icom Part 2 English Medium Chapter 6 Online Test | 21 | Download PDF | Launch Test |
| 0 | Principles of Accounting Icom Part 2 English Medium Chapter 7 Online Test | 23 | Download PDF | Launch Test |
| 0 | Principles of Accounting Icom Part 2 English Medium Chapter 8 Online Test | 60 | Download PDF | Launch Test |
| 0 | Principles of Accounting Icom Part 2 English Medium Chapter 9 Online Test | 31 | Download PDF | Launch Test |
Top Scorers of Principles of Accounting Icom Part 2 English Medium Online Test
-
A Ali Ashraf 08 - May - 2024 00 Min 26 Sec 15/15 -
R Rtyeq Rfff 01 - Nov - 2024 00 Min 37 Sec 15/15 -
F Fazilat Official 10 - Dec - 2025 01 Min 42 Sec 15/15 -
H Hareem Umar 02 - May - 2024 00 Min 10 Sec 14/15 -
U Unknown 09 - May - 2024 03 Min 01 Sec 14/15 -
S Sadia6560 Noman 07 - Dec - 2025 03 Min 42 Sec 14/15 -
S Saad Aleem 09 - May - 2024 04 Min 12 Sec 13/15 -
S Sardar Ahmad 08 - Jun - 2024 09 Min 35 Sec 12/15 -
L laiba shafiq 13 - Jul - 2024 03 Min 52 Sec 11/15 -
A Alladeen 03 - Aug - 2024 04 Min 16 Sec 11/15 -
A Ahsan Ali 13 - Dec - 2024 04 Min 58 Sec 11/15 -
W Wasib Abbasi 09 - May - 2024 19 Min 52 Sec 11/15 -
S Shazir khan 10 - May - 2024 04 Min 03 Sec 10/15 -
Z zain khan 06 - Mar - 2026 02 Min 22 Sec 9/15 -
R Raja Talha 10 - May - 2024 03 Min 47 Sec 9/15
ICom Part II Principles of Accounting Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | A company in which memebr gives a guarantee to contribute a specified sum to the company of its being wound up is called. |
A. Limited company
B. Un limited company
C. Company limited by guarantee
D. Chartered company
|
| 2 | In single entrey system statements of assets and liabilities is called. |
A. Balance sheet
B. Statement of Affair
C. Trial balance
D. Income statement
|
| 3 | A paartner who have a major investment in the firm and receive a relatively more profit is called. |
A. Sleeping partner
B. Darment partner
C. Senior partner
D. Estoppels partner
|
| 4 | Normaly the discount on the shares should not exceed from |
A. Five percent
B. Eight percent
C. Twenty percent
D. Ten percent
|
| 5 | The expense incurred by the oconsignee in connection with the sale of the consignment goods are debited to. |
A. Consignment account
B. Cash account
C. Consignor account
D. None of these
|
| 6 | The sum total of the nominal vaue of shares of company is called is. |
A. Issued capital
B. Subscribed capital
C. Share capital
D. Called up capital
|
| 7 | The consignment inward book or journalis matinained by. |
A. Consignor
B. Consignee
C. Customer
D. Debtors
|
| 8 | Non-profit making organizations |
A. Buy goods
B. Manufacture goods
C. Sell goods
D. None of these
|
| 9 | The amount charged to depreciation goes on declining in. |
A. Diminishing balance method
B. Fixex instaliment method
C. Annuity method
D. Depreciation fund method
|
| 10 | Receipt and payment account starts with the. |
A. Opening balance
B. Ending balance
C. Beginning or ending balance
D. None of these
|
ICOM Part 2 English Medium Principles of Accounting Test
Test Questions