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Principles of accounting are the main subject for the I.com students. There are general rules and concepts that governor the field of accounting.
Ilmkidunya provides the great opportunity to the students to provide the latest outline of the paper. This Principle of accounting online test makes the students more competent and proficient on the theory of the book. Objective is the essential part of the paper. There is 20% paper consist of the objective. If the students want to get the good grades, the students have to solve this part.
ICOM Part 1 Accounting Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
Thousands of question is made by the professional and expert teachers. Students can easily get grasp on all the theory and objective as well. After attempting this MCQ online test, students are able to well perform in the papers and pass the exams with brilliant success. Students can also judge their ability and skills after solving the test. Students can do this online test many times until they make sure about the accuracy of the test.
In this online test we come to know the overall rules –referred to as basic accounting principles and rules Principles of accounting online test students can get grip on the introduction to accounting basics, Blance sheet Assets, balance sheet liabilities and stock holder equities, statements on cash flows, double entry system sample transition no. it is advised to the students to solve this online test to get good grades in the exams.
Principles of accounting Icom Part 1 English Medium Online Test
Try The Principles of accounting Icom Part 1 English Medium Online Test
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Total Questions15
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Time Allowed20
Principles of accounting Icom Part 1 English Medium Online Test
00:00
Question # 1
Interest on drawings is
Question # 2
Any activity undertaken for the purpose of earning profit is called:
Question # 3
An entry which is recorded on the both sides of cash book is called
Question # 4
Credit purchases are recorded in
Question # 5
Received a cheque from Bilal Rs. 1900 in ful settlement of his debt Rs. 2000 should be debited to
Question # 6
The favourable balance of bank statement is
Question # 7
Income tax paid is a
Question # 8
Errors of affect one account can be
Question # 9
Error of principle involves an incorrect allocation of expenditure or receipt between.
Question # 10
When bank column of a cash book shows a credit balance, it means:
Question # 11
The margin that is available to cover the other expenses for a period and to yield net income is known as
Question # 12
The periodical total of purchases book is posted to the
Question # 13
The payments side of the cash book is undercast by Rs. 200, when overdraft as per bank statement i s the starting points:
Question # 14
Net Profit is transferred to
Question # 15
When the goods are returned to the suppliers, an intimation is sent to them is called
Here is List Of Chapter Wise Tests
| Ch. # | Test Name | MCQs Available | PDF File | Launch Test |
|---|---|---|---|---|
| 1 | Principles of accounting Icom Part 1 English Medium Chapter 1 Online Test | 35 | Download PDF | Launch Test |
| 2 | Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test | 36 | Download PDF | Launch Test |
| 3 | Principles of accounting Icom Part 1 English Medium Chapter 3 Online Test | 35 | Download PDF | Launch Test |
| 4 | Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test | 35 | Download PDF | Launch Test |
| 5 | Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test | 35 | Download PDF | Launch Test |
| 6 | Principles of accounting Icom Part 1 English Medium Chapter 6 Online Test | 35 | Download PDF | Launch Test |
| 7 | Principles of accounting Icom Part 1 English Medium Chapter 7 Online Test | 18 | Download PDF | Launch Test |
| 8 | Principles of accounting Icom Part 1 English Medium Chapter 8 Online Test | 25 | Download PDF | Launch Test |
| 9 | Principles of accounting Icom Part 1 English Medium Chapter 9 Online Test | 25 | Download PDF | Launch Test |
| 10 | Principles of accounting Icom Part 1 English Medium Chapter 10 Online Test | 25 | Download PDF | Launch Test |
| 11 | Principles of accounting Icom Part 1 English Medium Chapter 11 Online Test | 22 | Download PDF | Launch Test |
| 12 | Principles of accounting Icom Part 1 English Medium Chapter 12 Online Test | 20 | Download PDF | Launch Test |
| 13 | Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test | 25 | Download PDF | Launch Test |
| 14 | Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test | 25 | Download PDF | Launch Test |
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ICom Part 1 Principles of Accounting Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | All the direct expenses are charged to: |
A. Balance sheet
B. Profit and loss account
C. Trading account
D. None of these
|
| 2 | A table lost by fire should be debited to |
A. Table a/c
B. Furniture a/c
C. Loss by Fire a/c
D. Purchases a/c
|
| 3 | Bad debts are |
A. deferred expenditure
B. revenue expenditure
C. capital expenditure
D. none of these
|
| 4 | Goods withdrawn by the proprietor for personal use should be credited to |
A. Purchase a/c
B. Drawings a/c
C. Expenses a/c
D. Revenue a/c
|
| 5 | In the preparation of the worksheet the amounts on the trail balance columns are taken directly from |
A. Journal
B. Ledger
C. Trail balance
D. Transaction
|
| 6 | If a transaction has been completely omitted from the Journal it will be considered |
A. Error of commission
B. Error of principle
C. Error of omission
D. None of these
|
| 7 | Errors of affect one account can be |
A. Errors of principle
B. Errors of posting
C. Errors of omission
D. None of these
|
| 8 | Errors of omission affects |
A. One account
B. Two account
C. Three account
D. None of these
|
| 9 | Bad debts are |
A. Deferred expenditure
B. Revenue expenditure
C. Capital expenditure
D. None of these
|
| 10 | In case of a debt becoming bad, the amount should be credited to |
A. Debtor's a/c
B. Bad Debts a/c
C. Sales a/c
D. cash a/c
|
11th Class Principles of Accounting Test
Here you can prepare 11th Class Principles of Accounting English Medium Test. Click the button for 11th Class Principles of Accounting English Medium 100% free full practice test.
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