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

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Rtyeq Rfff

Lahore01 - Nov - 2024

15/15
37 Sec
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Rtyeq Rfff

Lahore01 - Nov - 2024

14/15
37 Sec
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14/15
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14/15
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Lahore01 - Nov - 2024

13/15
37 Sec
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Lahore01 - Nov - 2024

13/15
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Lahore01 - Nov - 2024

12/15
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Lahore01 - Nov - 2024

12/15
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Lahore01 - Nov - 2024

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Lahore01 - Nov - 2024

11/15
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Lahore01 - Nov - 2024

11/15
37 Sec
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Rtyeq Rfff

Lahore01 - Nov - 2024

10/15
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Lahore01 - Nov - 2024

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Lahore01 - Nov - 2024

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

Sr. # Questions Answers Choice
1 The person who sends the goods to his agent for the purpose of sale is called.
  • A. Consignor
  • B. Consignee
  • C. Debtor
  • D. Creditor
2 Under the diminishing balance method the depreciationis calculated on .
  • A. Book value
  • B. Original value
  • C. Residual value
  • D. None of these
3 In the absence of an agreement, the share of new partner in patnership will be.
  • A. In the portion of capital
  • B. Equal
  • C. According to work
  • D. None of the above
4 In the absence of any agreement Reserve on dissolution of a partnership firm is credited to the partners.
  • A. In capital ratio
  • B. In profit sharing ratio
  • C. Equality
  • D. None of these
5 The total amount recived by the company out of the totla called up amount is known as the.
  • A. Called up capital
  • B. Paid up capital
  • C. Issued capital
  • D. Reserve capital
6 A partner who takes an active part in the managment of the firm is called.
  • A. Active partner
  • B. Sleeping partner
  • C. Norminal partner
  • D. Quasi partner
7 On the admission of a new partneer the decreasein the value of assets is debited to.
  • A. Revaluation account
  • B. Assets account
  • C. Old parner's capital account
  • D. New partner capital account
8 The dividend paid to the shareeholders duirng the financial year is.
  • A. Redeemable debentures
  • B. Irredeemable debentures
  • C. Repayable debebtures
  • D. None of these
9 The persons who have entered two partnership are individually called.
  • A. Agents
  • B. Partners
  • C. A firm
  • D. Vendor
10 The investment in partners capital accounts is to be credited to.
  • A. Partners capital accounts
  • B. Profit and loss account
  • C. Interest account
  • D. None of these

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  • K

    Konain

    23 Mar 2019

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

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  • Z

    Zain Awan

    07 Apr 2018

    15/14

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  • 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

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  • A

    Abdul Rehman

    02 Feb 2018

    plz help me

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  • 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

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  • S

    Shahrukh

    21 Apr 2016

    no question

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  • Z

    Zani Javed

    20 Apr 2016

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  • 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)
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  • T

    Talib

    27 Feb 2016

    good job

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  • M

    Mahnoor

    29 Jan 2016

    its very Interesting. best website

    Like (2)
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