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This online test contains MCQs about following topics:
. The two systems of ascertaining profit or loss . Adjustment and their need . Main types of adjustment . Necessity for provision for doubtful debt . Provision for discount on debtors . Provision for discount on creditors . Some typical problems in final accounts
ICOM Part 1 Accounting Ch 10 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
Principles of accounting Icom Part 1 English Medium Chapter 10 Online Test
Try the Principles of accounting Icom Part 1 English Medium Chapter 10 Online Test.
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Total Questions15
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Time Allowed20
Principles of accounting Icom Part 1 English Medium Chapter 10 Online Test
00:00
Question # 1
An income which has earned but not received is called
Question # 2
Net profit is always
Question # 3
The debts, which are irrecoverable from the debtors, are called
Question # 4
The debts, the recovery or realization of which is uncertain are known as
Question # 5
The system of accounting in which accounting entries are made only when cash received or paid is known as
Question # 6
A gradual decrease in the value of fixed assets is called
Question # 7
Outstanding expense given in adjustment is called
Question # 8
The revenue that has not become due, but received in cash in current year is known as
Question # 9
The amount becomes due from the customers is called
Question # 10
From business point of view, Interest on capital is considered as
Question # 11
Income tax paid is a
Question # 12
A prepaid expense is
Question # 13
Interest on drawings is
Question # 14
All those expenses which have become due but not paid are called
Question # 15
All those expenses which have not become due but paid in advance are called
11th Principles of Accounting Chapter 10 Test
Here you can prepare 11th Principles of Accounting English Medium Chapter 10 Adjustment and Their Effects on Final Accounts Test. Click the button for 100% free full practice test.
Top Scorers of Principles of accounting Icom Part 1 English Medium Chapter 10 Online Test
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R Rafaqat ali 23 - Jun - 2021 01 Min 51 Sec 15/15 -
J Jiya 7287 29 - Nov - 2024 02 Min 22 Sec 15/15 -
N Niaz 17 - Sep - 2022 02 Min 40 Sec 14/15 -
R Rabia Javaid 11 - Mar - 2023 03 Min 45 Sec 14/15 -
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S Sania Butt 08 - Jun - 2024 03 Min 05 Sec 12/15 -
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A Abdullah Zafar 22 - Sep - 2023 02 Min 56 Sec 11/15 -
A Ayan Ahmed 04 - May - 2024 01 Min 16 Sec 10/15 -
H hamza shuja 16 - Jul - 2024 02 Min 34 Sec 10/15 -
K kalsoom 11 - Jan - 2024 05 Min 00 Sec 10/15
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Test Questions
