ICOM Part 2 English Medium Principles of Accounting Chapter 2 MCQ's Test

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12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 2 (The Accounts of Non-Profit Making Organizations)

Principles of Accounting Icom Part 2 English Medium Chapter 2 Online Test

Try the Principles of Accounting Icom Part 2 English Medium Chapter 2 Online Test.

  • Total Questions15

  • Time Allowed20

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Here is List Of ClassName Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Answers Mode Launch Test
0 Principles of Accounting Icom Part 2 English Medium Chapter 9 Online Test 31 Download PDF MCQ Answers Launch Test
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Principles of Accounting Icom Part 2 English Medium Chapter 2 Online Test (MCQs With Answers)

Sr. # Questions Answers Choice
1 Receipt and payment account is prepared at the. Start of the year End of the year Mid of the financeial year None of these
2 Amount received by the concern as per the will of the donor is known as. Lagacy Donation Subscription None of these
3 At the end of the year non trading institutions prepare. Profit and loss account Income and expenditure account Manufacturing account None of the above
4 Amount received by the way of gift from any person or organization is called. Donation Subscription Legacy None of these
5 Capital is obtained by deductin liabiliities from. Expenditures Receipt Assets Incomes
6 The difference of the two sides of receipt and payment account represents. Opening cash balance Closing cash or bank balance Opening bank balance None of these
7 Income and expenditur eaccount is prepared at the Start of the year Mid of the year End of the year At the start and ed of the year
8 Non-profit making organization is also known as Non-profit seeking concern Non-trading concern Trading concern "a" and "b"
9 Credit side of iincome and expenditure account records. Expenses and losses Income and gains Assets Liabilities
10 In receipt and payments account No narration is written No ledger reference is recorded Daily cash balance cannot be ascertained All of the above
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