11th Principles of Accounting Chapter 12 Test

image
image
image

First Year Principles of Accounting Chapter 12 Online MCQ Test for 1st Year Principles of Accounting Chapter 12 (Financial Statements)

This online test contains MCQs about following topics:

Principles of accounting Icom Part 1 English Medium Chapter 12 Online Test

Try the Principles of accounting Icom Part 1 English Medium Chapter 12 Online Test.

  • Total Questions15

  • Time Allowed20

Start Test

. Cost of goods sold . Income statement . Balance sheet . Difference between income statement and trading and profit and loss account

ClassName Chapter Wise Test

Here is List Of ClassName Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Answers Mode Launch Test
1 Principles of accounting Icom Part 1 English Medium Online Test 396 Download PDF MCQ Answers Launch Test
1 Principles of accounting Icom Part 1 English Medium Chapter 1 Online Test 35 Download PDF MCQ Answers Launch Test
2 Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test 36 Download PDF MCQ Answers Launch Test
3 Principles of accounting Icom Part 1 English Medium Chapter 3 Online Test 35 Download PDF MCQ Answers Launch Test
4 Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test 35 Download PDF MCQ Answers Launch Test
5 Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test 35 Download PDF MCQ Answers Launch Test
6 Principles of accounting Icom Part 1 English Medium Chapter 6 Online Test 35 Download PDF MCQ Answers Launch Test
7 Principles of accounting Icom Part 1 English Medium Chapter 7 Online Test 18 Download PDF MCQ Answers Launch Test
8 Principles of accounting Icom Part 1 English Medium Chapter 8 Online Test 25 Download PDF MCQ Answers Launch Test
9 Principles of accounting Icom Part 1 English Medium Chapter 9 Online Test 25 Download PDF MCQ Answers Launch Test
10 Principles of accounting Icom Part 1 English Medium Chapter 10 Online Test 25 Download PDF MCQ Answers Launch Test
11 Principles of accounting Icom Part 1 English Medium Chapter 11 Online Test 22 Download PDF MCQ Answers Launch Test
12 Principles of accounting Icom Part 1 English Medium Chapter 12 Online Test 20 Download PDF MCQ Answers Launch Test
13 Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test 25 Download PDF MCQ Answers Launch Test
14 Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test 25 Download PDF MCQ Answers Launch Test

Here you can prepare 11th Principles of Accounting English Medium Chapter 12 Financial Statements Test. Click the button for 100% free full practice test.

Top Scorers of Online MCQ Test for Biology Class 10

  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12
  • Muhammad Hasan Ali 04 - Feb - 2024 01 Mins 04 Sec 12/12

Principles of accounting Icom Part 1 English Medium Chapter 12 Online Test (MCQs With Answers)

Sr. # Questions Answers Choice
1 The margin that is available to cover the other expenses for a period and to yield net income is known as Net profit Gross profit Net sales Cost of goods sold
2 Net sales - cost of goods sold - operating expenses = ? Net purchases Cost of goods sold available for sale Net operating income Gross Profit
3 Allowance for doubtful debts normally has a Debit balance Credit balance Both debit & credit balance None of these
4 Sales are equal to Cost of goods sold + Profit Gross profit - cost of goods sold Cost of goods sold - gross profit None of these
5 Cost incurred to generate revenue is called Revenue Cost Expense Liability
6 Allowance for discount on account receivable is calculated on the amount of account receivable Before deducting the allowance for doubtful debts Left after deducting the allowance for doubtful debts Before deducting the actual bad debts None of these
7 The expenses which are incurred for the generation of revenues from the sales of goods are called Non-operating expenses Selling expenses Operation expenses Administrative expenses
8 Which one of the following is a direct expense? Custom duty Carriage Wages All of above
9 From the business point of view, interest on drawings is An asset An expense A liability A revenue
10 The gross amount of goods sold or services performed during an accounting period is known as Purchase Sale Gross profit Net profit
×