Principles of Accounting MCQs From books Latest Edition

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

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1. : Cash in hand statement is prepared in?



2. : Who cannot maintain a single entry system?



3. : How is profit calculated in single entry system?



4. : In non-trading account, capital funds are equal to?



5. : The income which is arising from special fund is credited to?



6. : If assets are more than liabilities, then?



7. : Payment and receipt account is for?



8. : The income through admission fee is treated as:



9. : The Expenditure and Income account is prepared in:



10. : Legacy is normally treated as:



11. : In the beginning, subscription outstanding is shown in which account?



12. : Specific donations are always written in the?



 

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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