Accounting MCQs for ICOM

By: Prof. Dr. Fazal Rehman | Last updated: May 21, 2025

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1. : The transaction of Expenditure and Income account is recorded in:



2. : The goodwill is distributed to an old partner in:



3. : The depreciation under the diminishing balance method is:



4. : How capital is obtained:



5. : The prospectus for shares can be issued only:



6. : The non-trading account is prepared in:



7. : Opening balance is managed by preparing by:



8. : Single entry system is usually prepared by:



9. : Depreciation occurs due to:



10. : A company is formed by:



11. : The Debenture holders are:



12. : Provision is created for:



 

Read More MCQs of Accounting

  1. SET 1: Accounting MCQ’s
  2. SET 2: Accounting MCQ’s
  3. SET 3: Accounting MCQ’s
  4. SET 4: Accounting MCQ’s
  5. SET 5: Accounting MCQ’s
  6. SET 6: Accounting MCQ’s
  7. SET 7: Accounting MCQ’s
  8. SET 8: Accounting MCQ’s

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