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	Subscription otstanding in the beginning are shown in the	Trading account Income and expenditure account Balance sheet Profit and loss account
2	Admission fee income should be.	Treated as income Capitalized Proportionate to revenue and capitalized None of these
3	The income and expenditure account begins with.	Opening debit balance Opening credit balance Opening balance None of these
4	The account of non trading concern are generally maintained according to.	Mereantile accounging system Double entry system of book keeping Cash accounting system None of the above
5	Lagacies are generally treated as.	Income Capitalized Assets Liability
6	Donation receivedin heavy amount are treated as.	Revenue Capitaized Liability Assets
7	An income and expenditure account is.	Normal account Real account Persoanl account None of these
8	Accured subscripttion represents.	An expense An income An asset A liability.
9	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
10	Income and expenditure account is usually accompanied by.	Trail balance Balance sheet Cash book None of these
11	Income and expenditure accout is usually accompanied by.	Trail balance Balance sheet Income and gains Liabilities
12	Credit side of iincome and expenditure account records.	Expenses and losses Income and gains Assets Liabilities
13	Debit side of income and expenditur eaccount records.	Expenses and losses Income and gains Assets Liabilities
14	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
15	Income and expenditur eaccount is prepared on.	Cash basis Accrual basis Cahs of accural basis None of these

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