First Year Principles of Accounting Chapter 1 Online MCQ Test for 1st Year Principles of Accounting Chapter 1 (Introduction)

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11th Principles of Accounting Chapter 1 Test

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Principles of accounting Icom Part 1 English Medium Chapter 1 Online Test

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Principles of accounting Icom Part 1 English Medium Chapter 1 Online Test

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Question # 1

The accounts of expenses, incomes, losses and gains

Question # 2

Disagreement in balances may arise owing to mistake or mistakes in the:

Question # 3

Goods returned by customers are

Question # 4

The recording of transaction chronologically in the book  of accounts is called:

Question # 5

Cash paid to Naeem will affect

Question # 6

The accounts of assets and properties

Question # 7

Expenses paid by a business decrease

Question # 8

A basis of business languages

Question # 9

How many categories of accounts are

Question # 10

According to accounting equation, capital is equal to

Question # 11

Accounting records of a business enterprise are required by

Question # 12

Accounts relating to persons of firms are called:

Question # 13

For every debit, there is a credit

Question # 14

An expenditure incurred to the increases the profit earning of the concern is a:

Question # 15

Error due to wrong allocation as expenditure between capital and revenue is regarded as:

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