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First Year Principles of Accounting Chapter 1 Online MCQ Test for 1st Year Principles of Accounting Chapter 1 (Introduction)

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Principles of accounting Icom Part 1 English Medium Chapter 1 Online Test

Try the Principles of accounting Icom Part 1 English Medium Chapter 1 Online Test.

  • Total Questions15

  • Time Allowed20

Principles of accounting Icom Part 1 English Medium Chapter 1 Online Test

00:00
Question # 1

Goods returned by customers are

Question # 2

The errors in which amount have occurred on the opposite sides of two or more accounts and have concealed themselves in the net result, are:

Question # 3

Events which are related with money are called:

Question # 4

Double entry means

Question # 5

Bookkeeping provides the

Question # 6

Carriage account is a/an

Question # 7

Cash paid to Naeem will affect

Question # 8

Purchased goods on credit and for cash will affect

Question # 9

All cash purchases and cash sales are recorded in:

Question # 10

Accounts relating to persons of firms are called:

Question # 11

How many categories of accounts are

Question # 12

An expenditure incurred to the increases the profit earning of the concern is a:

Question # 13

The act result of the business activities is shown by:

Question # 14

The recording of transaction chronologically in the book  of accounts is called:

Question # 15

The system of recording transaction based on dual concept is called

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