AKUEB SSC-I — Principles of Accounting MCQs
Practice 99 Principles of Accounting past-paper MCQs for AKUEB SSC-I, each with a detailed explanation and reference. Try free samples below, then start a full quiz.
Part of the full AKUEB SSC-I QBank — 1,451 questions across all subjects.
Principles of Accounting is a core part of the AKUEB SSC-I syllabus. HighYield's Principles of Accounting question bank collects 99MCQs modelled on real past papers, so you practise the exact style and difficulty you'll face on exam day. Every question comes with a worked explanation and a subject reference, so you learn why an answer is right — not just which option to pick.
Work through Principles of Accounting in Tutor mode to learn as you go, or switch to Timed mode to simulate real exam pressure. Your accuracy is tracked per subject, so you always know whether Principles of Accounting is a strength to maintain or a weak area to drill.
Sample Principles of Accounting Questions
Hareem Traders prepares accounting records on the basis of double entry system. The accountant recorded a transaction as bank debit and cash credit. The given transaction would have resulted because of the
- A.cash deposited into the bank.
- B.cash found short in the bank.
- C.cash withdrawals from the bank for business use.
- D.cash withdrawals from the bank for personal use.
Following details have been extracted from the books of Aliza Traders as on December 31, 2017. Account Title | Amount (Rs) Equipment | 700,000 Motor vehicle | 400,000 Bank balance (debit balance) | 25,000 Trade payables (accounts payable) | 144,000 Trade receivables (accounts receivable) | 115,000 Inventory | 65,000 Loan from family members | 13,000 The amount of owner's equity from the given information will be
- A.Rs 1,098,000
- B.Rs 1,148,000
- C.Rs 1,161,000
- D.Rs 1,305,000
Muneer Traders bought a new machine costing Rs 800,000 on cash. The account head(s) that will be affected from the given transaction is/ are
- A.asset and expense.
- B.asset and liability.
- C.assets only.
- D.liabilities only.
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