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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.

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

A

Anum Fawad

Lahore22 - Mar - 2025

14/15
02 Mins 28 Sec
T

Tariq Mohmood

Lahore02 - Mar - 2025

13/15
03 Mins 52 Sec
B

Bareera Shahzad 380

Lahore12 - Mar - 2025

12/15
02 Mins 54 Sec
A

Azan Faisal

Lahore26 - Mar - 2025

8/15
02 Mins 22 Sec
M

Mubashir Subhani

Lahore10 - Mar - 2025

8/15
02 Mins 45 Sec
M

Mubashir Subhani

Lahore10 - Mar - 2025

8/15
02 Mins 45 Sec
B

Bareera Shahzad 380

Lahore15 - Mar - 2025

8/15
03 Mins 08 Sec
H

Haseeb

Lahore18 - Mar - 2025

8/15
04 Mins 26 Sec
M

Muhammad Zulqarnain

Lahore13 - Mar - 2025

8/15
06 Mins 12 Sec

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

Sr. # Questions Answers Choice
1 The credit balacne of the retained earnings statement represents.
  • A. Undisturbed Profit
  • B. Divided declared
  • C. Profit distributed
  • D. None of these
2 The Receipt and payment account is the summery of the
  • A. Cash book
  • B. Balance sheet
  • C. Trqail balance
  • D. Proft and loss account
3 The agreement among the partners which sets out the term is which they have agreed to form a partnership is called.
  • A. Partnership deed
  • B. Aribtrartio clause
  • C. Partnership at will
  • D. None of these
4 In single entry system nominal accounts and some assets accounts balances are not available so it is not possible to prepare,
  • A. Debtors account
  • B. Creditors account
  • C. Trial balance
  • D. Statement of affairs
5 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
6 In case of dissolution, assets sold for cash are debited to
  • A. Realization account
  • B. Cash account
  • C. Assets account
  • D. None of these
7 For the stock unsoled with the consignee wil the debited in the books of the consignor.
  • A. Stock on consignment account
  • B. Consignment
  • C. Consignee account
  • D. None of the above
8 Due to drawings made during the year, the closing capital will,
  • A. Increase
  • B. Decrease
  • C. Constant
  • D. Multiply
9 In case of dissolution, assets sold for cash are debited to.
  • A. Realization account
  • B. Cash account
  • C. Assets account
  • D. None of these
10 Income and expenditure account is debited with all.
  • A. Expenses
  • B. Incomes
  • C. Liabilities
  • D. Assets

Share your comments questions here
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  • 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
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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

    Like (1)
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  • A

    Abdul Rehman

    02 Feb 2018

    plz help me

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    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

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  • S

    Shahrukh

    21 Apr 2016

    no question

    Like
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  • 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

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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)
    Reply
  • T

    Talib

    27 Feb 2016

    good job

    Like
    Reply
  • M

    Mahnoor

    29 Jan 2016

    its very Interesting. best website

    Like (2)
    Reply
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