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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

S

Sara

Lahore09 - Sep - 2021

11/15
03 Mins 32 Sec
F

Faisal Mubeen

Lahore18 - Oct - 2021

10/15
04 Mins 20 Sec
H

Hanan Minhas

Lahore12 - Oct - 2021

9/15
02 Mins 27 Sec
H

Hanan Minhas

Lahore12 - Oct - 2021

8/15
01 Mins 57 Sec
A

Arsalan

Lahore26 - Nov - 2021

8/15
02 Mins 32 Sec
F

Faisal Mubeen

Lahore18 - Oct - 2021

8/15
03 Mins 36 Sec

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

Sr. # Questions Answers Choice
1 Income and expenditure account shows
  • A. Cash in hand
  • B. Surplus or deficit
  • C. Cash at bank
  • D. Capital account
2 Depreciation occurs
  • A. Up to one year
  • B. Up to two years
  • C. Till the last day of the estimated working life of asset
  • D. Up to the replacement of old asset
3 The end or termination of partnership is called:
  • A. Admission
  • B. Retirement
  • C. Death
  • D. Dissolution
4 The essential element of partnership is
  • A. There must be an agreement entered into by all the persons concerned
  • B. The agreement must be to share the profits of a business
  • C. The business must be carried on by all or any of them acting for all
  • D. All of the above
5 Consignee is
  • A. Principal
  • B. Owner
  • C. Debtor of the consignee
  • D. None of these
6 The relationship between persons who have agreed to share the profits of a business carried on by all or any one of them acting for all is called
  • A. Sole proprietorship
  • B. Partnership
  • C. Joint stock company
  • D. Individual
7 In case of dissolution closing of various liabilities are credited to:
  • A. Realization account
  • B. Revaluation account
  • C. Profit and loss account
  • D. Liabilities account
8 Partnership act is
  • A. 1932
  • B. 1912
  • C. 1962
  • D. 1984
9 Single entry system contains,
  • A. A daybook or general journal
  • B. A cash book
  • C. Ledger accounts for individual customers and creditors
  • D. All of the above
10 Depreciation may be ascertained exactly in case of
  • A. Lease holds property
  • B. Machinery
  • C. Patent right
  • D. "a" and "c"

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  • Konain

    23 Mar 2019

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

    Like (1)
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  • 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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  • T

    Talib

    27 Feb 2016

    good job

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  • M

    Mahnoor

    29 Jan 2016

    its very Interesting. best website

    Like (1)
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