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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.

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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

F

Faisal Mubeen

Lahore07 - Nov - 2022

12/15
05 Mins 19 Sec
H

Hamza Abid

Abbottabad03 - Nov - 2022

11/15
10 Mins 50 Sec
M

MUHAMMAD HASSAN

Lahore27 - Oct - 2022

10/15
03 Mins 18 Sec
M

MUHAMMAD HASSAN

Lahore27 - Oct - 2022

10/15
03 Mins 18 Sec
L

Laiba Tariq

Lahore05 - Oct - 2022

10/15
03 Mins 20 Sec
L

Laraib Awan

Lahore19 - Nov - 2022

10/15
04 Mins 16 Sec
F

Faisal Mubeen

Lahore07 - Nov - 2022

9/15
04 Mins 11 Sec
R

Raja Anwaar

Lahore07 - Nov - 2022

8/15
03 Mins 38 Sec
R

Raja Anwaar

Lahore07 - Nov - 2022

8/15
03 Mins 57 Sec

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

Sr. # Questions Answers Choice
1 Share capital int he balance sheet is known as.
  • A. Asset
  • B. Liability
  • C. Income
  • D. Reserve
2 Under single entery system informatoin relating to expenses must be ascertained from the analysis of.
  • A. Debtors account
  • B. Creditors account
  • C. Sales book
  • D. Cash book
3 Receipts and payments account records the transactions of
  • A. Revenue nature
  • B. Capital nature
  • C. Revenue and capital nature
  • D. None of these
4 Opening capital is calculated by taking the difference between,
  • A. Opening assets and closing assets
  • B. Opening assets and closing liabilities
  • C. Opening assets and Opening liabilities
  • D. Closing assets and closing liabilities
5 Capital is obtained by deductin liabiliities from.
  • A. Expenditures
  • B. Receipt
  • C. Assets
  • D. Incomes
6 In consignee's books, the acceptance of a bil of echange by consignee will be debited to.
  • A. Trading account
  • B. Bill payable accont
  • C. Consignor account
  • D. Consignment account
7 The income through admissionfee shoul dbe.
  • A. Capitalized
  • B. Treated as revenue
  • C. Treated as liability
  • D. An expenses
8 Over riding commission is calculated on.
  • A. Cash sales only
  • B. Credit sales only
  • C. Total sales
  • D. None of the above
9 The term Depletion is used with reference to.
  • A. Tangible assets
  • B. Intangible assets
  • C. Current assets
  • D. Fixex assets
10 Dividend is calculated on.
  • A. Registered capital
  • B. Issue Capital
  • C. Paid up Capital
  • D. Subscribed Capital

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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
    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

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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

    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.

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    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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