Practise 380 real Federal Board Accounting questions from 2023 to 2026. See an answer and explanation as soon as you answer.
I.Com Accounting is examined by the Federal Board of Intermediate and Secondary Education (FBISE) in the annual examinations, for 11th and 12th class. Tayyari Karo has real questions from 2023 to 2026, covering topics such as Partnership Accounts, Basic Accounting Concepts, Depreciation and Amortization, Consignment Accounts and Company Accounts. Working through real papers is the fastest way to learn the paper pattern and the way questions are worded.
200 of the questions are multiple choice and marked instantly; the rest are short and long questions with a model answer. The answers are prepared by Tayyari Karo, since we could not find an official marking scheme.
These are real past-paper questions. Think of your answer first, then open the explanation.
A form of remuneration for services rendered by one person to another is called:
Answer: C. Commission
Commission is a payment made to an agent for services rendered, unlike discount which relates to price reduction.
According to which concept, business and owner both have separate identity?
Answer: B. Business entity concept
The business entity concept treats the business as separate and distinct from its owner(s).
Debit the decrease in:
Answer: B. Revenue, capital and liabilities
A decrease in revenue, capital or liabilities is recorded as a debit, since these accounts normally carry credit balances.
Briefly explain promissory note.
A promissory note is a written, unconditional promise made by one person (the maker/debtor) to pay a certain sum of money to another person (the payee/creditor), either on demand or at a fixed/determinable future date. It must be signed by the maker and does not require acceptance, unlike a bill of exchange.
Number of questions available for each exam session.
| Session | 11th class | 12th class |
|---|---|---|
| 2026 Annual | 38 | 38 |
| 2025 1st Annual | 38 | 38 |
| 2025 2nd Annual | 38 | 38 |
| 2024 Annual | 38 | 38 |
| 2023 Annual | 38 | 38 |
Yes. Every question comes from a Federal Board (FBISE) Accounting paper from 2023 to 2026, and each one shows the session it came from.
No. We could not find an official FBISE marking scheme for these papers, so the answers and explanations are written by Tayyari Karo for practice. Check anything important with your teacher or textbook.
You can start free with no signup. A small set of papers per subject is free, and Premium unlocks the full question bank.
11th and 12th class. The table below shows how many questions we have for each exam session.
