Principles of accounting Icom Part 1 English Medium Chapter 10 Online Test

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  • Available questions25
  • Chapter Name10

Principles of accounting Icom Part 1 English Medium Chapter 10 Online Test

  • Total Questions15

  • Time Allowed20

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Principles of accounting Icom Part 1 English Medium Chapter 10 Online Test

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Question # 1

Bad debts recovered from debtors should be credited to

Question # 2

Interest on drawings is

Question # 3

Deprecation is

Question # 4

An income which has earned but not received is called

Question # 5

Income tax paid is a

Question # 6

The revenue that has not become due, but received in cash in current year is known as

Question # 7

Net loss is always

Question # 8

Patent is an example of

Question # 9

All those expenses which have become due but not paid are called

Question # 10

A prepaid expense is

Question # 11

The debts, which are irrecoverable from the debtors, are called

Question # 12

The accounting system in which accounting entries are made on the basis of amount having become due for payment or receipt, is called

Question # 13

Net profit is always

Question # 14

The accrued income or outstanding income will appear in the balance sheet as

Question # 15

The system of accounting in which accounting entries are made only when cash received or paid is known as

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