12th Class ICom Part 2 Principles of Accounting Chapter Wise Online MCQ Test with answers PDF English Medium

Principles of Accounting Icom Part 2 English Medium Online Test

Sr. #	Questions	Answers Choice
1	Cash received from the debtors can be find out by preparing.	Debtors account Creditors account Balance sheet Trial balance
2	The closing balance of trade debtors can be located from.	Total debtors account Balance sheet Bils receivable account Cash book
3	Bad debt written off always affect the	Deblor's account Creditors account Cash account All of the above
4	North worth of an organizaton means the excess of its total assets over total.	Liabilities Income Expenses None of the above
5	Under single entery system informatoin relating to expenses must be ascertained from the analysis of.	Debtors account Creditors account Sales book Cash book
6	In appearance, the statement of affairs, is similar to a.	Balance sheet Profit and loss account Trading account Bank Reconciliation statement
7	A statement of assets and liabilities is prepared under the single entery system is called.	Balance sheet Financial statement Statement of affair Cash transaction
8	Arithmetical accuracy of the books of accounts cannot be checked under.	Single Entry system Double entery system None entery system Both a and b
9	Single entery system is most suitbale where	Credit transactions are numerous. Cash transactions are numerous Cahs and credit transactions both are numerios None of the above
10	In cash of net worth method of sigle entery system net profikt is ascertained by.	Prepareing the trading and profit and account By cimparing the capitals in the beginning and at the end of the accounting period. Capital closing + Drawing - fresh capital - opening capital Capital opening+ Drawing - fresh capital-closing stock
11	Cash book is prepared to find out the figure of.	Opening capital Crosing cash balance Net profit Finaincial position
12	The opening capitla is ascertained by preparing.	Cash account Opening statements of affairs Total debtors account Total creditors account
13	In single entry it is not possible to prepare	Trial balance Trading account Profit and loss account Balance sheet
14	Teh single entry system of book keeping is generay followed by	Small business concern Large Business concern Non trading concern None of these
15	The system in whihc accounting records are not kept strictly according to the double entery principle of book keeping is called.	Single , entery system Accrual system Double enterysystem Cash system

Download This Set