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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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

Principles of Accounting Icom Part 2 English Medium Online Test

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  • Total Questions15

  • Time Allowed20

Principles of Accounting Icom Part 2 English Medium Online Test

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Question # 1

Teh single entry system of book keeping is generay followed by

Question # 2

Amount of to the out going partner is shown in the balance sheet as his.

Question # 3

The person who sends the goods to his agent for the purpose of sale is called.

Question # 4

Unclaimed dividend is shown as.

Question # 5

The account of non trading concern are generally maintained according to.

Question # 6

The amount paid to person who was invited to deliver a lecture in a club is known as.

Question # 7

A prospectus for subscription of shares can be issued only by.

Question # 8

Depreciation under diminishing balance method ont he cost price of the fixex asset of Rs. 50.000 after two year @10% will be

Question # 9

Subscription Received in advance is.

Question # 10

The dividend paid to the shareeholders duirng the financial year is.

Question # 11

Amount due to the deceased partner is generally transferred to

Question # 12

For the commission due to the consignee on the sales of goods in the books of the consignor will be credited to.

Question # 13

The shares of public limited company are.

Question # 14

The amount payable to the retiring partner is shown in the balance sheet of partnership as.

Question # 15

All transactions relating to non-profit seeking concerns are recorded in the books of account strictly according to


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ICOM Part 2 English Medium Principles of Accounting Test

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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

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