Introduction
1st Year Principles of Accounting Guess Paper 2026 1st Year Principles of Accounting is the subject in which students learn important topics like basic accounting, journal, ledger, trial balance, cash book, depreciation, and financial statements.
If you want to perform well in the exam, then this 1st Year Principles of Accounting Guess Paper 2026 is prepared for you.
This Guess Paper includes:
✔ Compulsory Short Questions
✔ Important Long Questions
✔ MCQs
✔ Accounting Guess Paper for All Punjab Boards
✔ PDF Download Section
✔ Study Tips
✔ Benefits
✔ Featured Image Prompt
Download 1st Year Principles of Accounting Guess Paper 2026 PDF
Why This Accounting Guess Paper Is Important?
Accounting is the subject in which both Concept + Practice are essential.
This Guess Paper includes all the questions that have come up repeatedly in the previous years and are expected in the 2026 exam.
All Punjab Boards 1st Year Principles of Accounting Guess Paper 2026
This GAS paper is suitable for all Punjab boards:
Lahore Board
Faisalabad Board
Gujranwala Board
Multan Board
Sargodha Board
Rawalpindi Board
Bahawalpur Board
D.G. Khan Board
Separate GAS paper for each board is also included below.
Lahore Board 1st Year Accounting Guess Paper 2026
Important Short Questions
Definition of Accounting
What is Journal?
What is Ledger Book?
What is Depreciation?
What is Balance Sheet?
Important Long Questions
Difference between Journal and Ledger
Methods of Depreciation
How to Prepare Trial Balance
Types of Financial Statements
Faisalabad Board Accounting Guess Paper 2026
Important Short Questions
What is Cash Book?
What is Double Entry System?
Types of Assets
Difference between Capital and Liability
Important Long Questions
Types of Cash Book
Explanation of Double Entry System
Components of Financial Statements
Gujranwala Board Accounting Guess Paper 2026
Important Short Questions
Why is Trial Balance prepared?
What is Debit?
What is Credit?
What is Invoice?
Important Long Questions
Steps to prepare Trial Balance
Ledger Posting Method
Depreciation Methods (SLM & RBM)
Multan Board Accounting Guess Paper 2026
Important Short Questions
What is Petty Cash Book?
What is Purchase Journal?
Definition of Sales Journal
What is Opening Stock?
Important Long Questions
Preparation of Petty Cash Book
Explanation of Purchase & Sales Journal
Stock Valuation Methods
Sargodha Board Accounting Guess Paper 2026
Important Short Questions
What is Accounting Equation?
Definition of Voucher
Types of Accounts
Why is Depreciation Given?
Important Long Questions
Accounting Equation with Examples
Types of Accounts
Benefits of Depreciation
Rawalpindi Board Accounting Guess Paper 2026
Important Short Questions
What is Trading Account?
Profit & Loss Account
Balance Sheet
What are Contra Entries?
Important Long Questions
Preparation of Trading Account
Profit & Loss Account Method
Balance Sheet Layout
Bahawalpur Board Accounting 1st Year Principles of Accounting Guess Paper 2026
Important Short Questions
What is Financial Year?
What is Closing Stock?
Purchase Return
Sales Return
Important Long Questions
Journal Entries in Detail
Ledger Posting
Trial Balance Errors
D.G. Khan Board Accounting 1st Year Principles of Accounting Guess Paper 2026
Important Short Questions
What is Capital?
What are Drawings?
What is Account Balance?
Difference between Invoice and Voucher
Important Long Questions
Capital & Drawings Differences
Accounting Cycle
Depreciation Methods and Examples
Important Short Questions (For All Boards)
Accounting Equation
Journal Entry
Ledger Posting
Cash Book
Trial Balance
Depreciation
Important Long Questions (For All Boards)
Double Entry System
Petty Cash Book
Trading Account
Profit & Loss Account
Trial Balance Errors
Financial Statements Preparation
Important MCQs (For All Boards)
Debit means?
Assets are?
Ledger is a book of?
Depreciation is charged on?
Accounting Equation includes?
Study Tips for Accounting
Practice at least 2 journal questions daily.
Learn Ledger Posting properly.
Must learn to make Trial Balance.
Remember Definitions because they definitely come in Short.
Must solve Previous Board Papers.
Benefits of Guess Papers1st Year Principles of Accounting Guess Paper 2026
Full exam style comes out
Focus on important questions
Saves time
Concept + Practice both are better
The subject seems easy
FAQs
Q1: Is this 1st Year Principles of Accounting Guess Paper 2026 for all boards?
Yes, it is prepared for all Punjab boards.
Q2: Does it include both Long and Short?
Absolutely, both are available.
Q3: Does it include Numerical Questions of Accounting?
Yes, important topics and types are included.
Q4: Will this help me score well in the exam?
If prepared accordingly, then yes.
Q5: Does it include PDF download?
Yes, the space is given above.
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