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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

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06 Mins 40 Sec
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Ghayour Rafique

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Fatima Khan

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Ghayour Rafique

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Ghayour Rafique

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

Sr. # Questions Answers Choice
1 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
2 Abnormal loss arises due to.
  • A. Natural causes
  • B. Evaporation drying breaking in bulk
  • C. Pilferage , theft fire etc.
  • D. Some unavoidable causes
3 Un recorded liability when paid on dissolution of the firmis debited to.
  • A. Realization account
  • B. Liability account
  • C. Partners capital account
  • D. None of these
4 Investment in partnership is made byintroducing.
  • A. Cash
  • B. Non cash assets
  • C. Cash or non cash assets
  • D. None of these
5 The abnormal loss on consignemnt is credited to.
  • A. Consignment account
  • B. Consignment personal account
  • C. Profit and loss account
  • D. Goods sent on consignemnt account
6 Under annuity method the amount of depreciation is.
  • A. Increasing every year
  • B. Decreasing every year
  • C. Fixed for all the year
  • D. None of these
7 On the detah of the partner the amount of the joint policy credited to the capital account of.
  • A. Remaining partners capital account
  • B. All partners capital accounts
  • C. Deceased parners capital account
  • D. None of these
8 The document which contains the fundamental conditions of incorporation and the obejedcts for which the company was formed is called.
  • A. Memorandum of association
  • B. Article of association
  • C. Prospectus
  • D. None of he above
9 Single entry systme can bot be maintained by.
  • A. Sole owner
  • B. Partnership concern
  • C. Joint stock companies
  • D. All of the above
10 When the cash is received from the sale of the goods by the consigneee on behalf the consignor then it will be debited to.
  • A. Cash account
  • B. Consignor 's personal account
  • C. Consignment account
  • 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

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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

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  • S

    Shahrukh

    21 Apr 2016

    no question

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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
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  • M

    Mahnoor

    29 Jan 2016

    its very Interesting. best website

    Like (1)
    Reply
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