ic

12th Class Principles of Accounting Test

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

12th Class Principles of Accounting MCQ Test With Answer for Principles of Accounting Full Book

Principles of accounting are the rules and guidelines to report financial data, the general guidelines and principles, standards and detailed rules, plus industry practices that exist for financial reporting.

Principles of Accounting HSSC part 2, I.Com part 2 objective paper consists of MCQs of 20 marks and it has to be attempted in first 25 minutes. This objective MCQs section is compulsory.

By the end of the year students do not find enough time to write and prepare their papers because of time shortage, ilmkidunya has provided a solution for I.Com part 2 students. ICom part 2 Students can prepare their Principles of Accounting subject on this page by attempting this online MCQs objective paper. I.Com part 2 students can attempt Principles of Accounting objective paper as many times as they want. In this case I.com students will be able to prepare their principles of accounting paper in a better way with complete guidelines.

Ilmkidunya is the largest educational website of Pakistan which contains all up to date data for students of every field of subjects related to schools, colleges and universities. Every field of students can find help for their educational problems here. Ilmkidunya has given a great opportunity to I.Com part 2, HSSC part 2 students to prepare their papers online so that they can perform better in their annual exams. These online papers contain thousands of objective MCQs and by solving these online papers, ICom part 2 students can judge their preparation for annual exams.

 

ICOM Part 2 Accounting Test
ic

Top Scorers of Principles of Accounting Icom Part 2 English Medium Online Test

R

Rtyeq Rfff

Lahore01 - Nov - 2024

15/15
37 Sec
R

Rtyeq Rfff

Lahore01 - Nov - 2024

14/15
37 Sec
R

Rtyeq Rfff

Lahore01 - Nov - 2024

14/15
37 Sec
R

Rtyeq Rfff

Lahore01 - Nov - 2024

14/15
37 Sec
R

Rtyeq Rfff

Lahore01 - Nov - 2024

13/15
37 Sec
R

Rtyeq Rfff

Lahore01 - Nov - 2024

13/15
37 Sec
R

Rtyeq Rfff

Lahore01 - Nov - 2024

12/15
37 Sec
R

Rtyeq Rfff

Lahore01 - Nov - 2024

12/15
37 Sec
R

Rtyeq Rfff

Lahore01 - Nov - 2024

11/15
37 Sec
R

Rtyeq Rfff

Lahore01 - Nov - 2024

11/15
37 Sec
R

Rtyeq Rfff

Lahore01 - Nov - 2024

11/15
37 Sec
R

Rtyeq Rfff

Lahore01 - Nov - 2024

10/15
37 Sec
R

Rtyeq Rfff

Lahore01 - Nov - 2024

10/15
37 Sec
R

Rtyeq Rfff

Lahore01 - Nov - 2024

10/15
37 Sec
R

Rtyeq Rfff

Lahore01 - Nov - 2024

9/15
37 Sec

12th Class Principles of Accounting MCQ Test With Answer for Principles of Accounting Full Book

Sr. # Questions Answers Choice
1 Amount received by the concern as per the will of the donor is known as.
  • A. Lagacy
  • B. Donation
  • C. Subscription
  • D. None of these
2 In case of retirement when the good will raised with retiring partner written off among the remaining partner.
  • A. In gaiing ratios
  • B. Sacrifing ratios
  • C. Capital ratios
  • D. New ratio
3 Income and expenditure account shows
  • A. Cash in hand
  • B. Surplus or deficit
  • C. Cash at bank
  • D. Capital account
4 Share capital int he balance sheet is known as.
  • A. Asset
  • B. Liability
  • C. Income
  • D. Reserve
5 Receipts and payments account records the transactions of
  • A. Revenue nature
  • B. Capital nature
  • C. Revenue and capital nature
  • D. None of these
6 the profit on consignment in the books of the consignor should be deited to.
  • A. Consignnment account
  • B. Profit and loss account
  • C. Consignee 's account
  • D. None of these
7 A partner who is newly admitted to the firm with the consent of all the parties is called.
  • A. Salaried partner
  • B. Incoming partner
  • C. Junior partner
  • D. Minor partner
8 Profit of revaluation should be credited to.
  • A. Revaluation account
  • B. Liabilites accounts
  • C. Old partners capital accounts
  • D. Assets accounts
9 The balance of revalution account is transferred to the capital accounts of the partners in.
  • A. Profit sharing ratios
  • B. Capital ratios
  • C. Equality
  • D. None of these
10 When the capitals of the partners arr not allowed to change during the life time of the business except in extra ordinary circumslancer then they are called.
  • A. Fluctuating capitals
  • B. Fixed capitals
  • C. Current capitals
  • D. None of these

Share your comments questions here
Sort By:
  • K

    Konain

    23 Mar 2019

    yahn p MCQs ky ilawa subjective k test nhi hota plz help me

    Like
    Reply
  • Z

    Zain Awan

    07 Apr 2018

    15/14

    Like
    Reply
  • A

    Abdul Rehman

    02 Feb 2018

    moja kuch bi nhi ata plz i request you k moja sb smjaa da sir plz plz mein kaam krta hun jis ki wjja sa mein study ko time nhi da skka plzz help me

    Like (1)
    Reply
  • A

    Abdul Rehman

    02 Feb 2018

    plz help me

    Like
    Reply
  • R

    Raja Toseef

    16 Nov 2017

    sir mujy princepal of accounting icom part ll k chapter numbar 25 depression ki problims karwa dain ap ki bhot mahrbani ho ge plzzzzzzz

    Like
    Reply
  • S

    Shahrukh

    21 Apr 2016

    no question

    Like
    Reply
  • Z

    Zani Javed

    20 Apr 2016

    can u telll me that how given the test of geoghraphy and banking because these sub is not availabe their plzzzzzzzzzzzzzzzzz telllll me about these subbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

    Like
    Reply
  • Z

    Zani Javed

    06 Apr 2016

    how given the entry test of banking and an other sub plz plz plz help me about this matter.

    Like (1)
    Reply
  • T

    Talib

    27 Feb 2016

    good job

    Like
    Reply
  • M

    Mahnoor

    29 Jan 2016

    its very Interesting. best website

    Like (2)
    Reply
X

Sign in

to continue to ilmkidunya.com

inquiry-image

Free Admission Advice

Fill the form. Our admission consultants will call you with admission options.

X

Sign in

to continue to ilmkidunya.com

X

Sign in

to continue to ilmkidunya.com

X

Forgot Password

to continue to ilmkidunya.com

X

Register Type

Please Provide following information to Register

  • Student
  • Tutor
  • Consultant
  • Employer