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

Net loss is always

Question # 2

The amount becomes due from the customers is called

Question # 3

From business point of view, Interest on capital is considered as

Question # 4

A prepaid expense is

Question # 5

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

Question # 6

A gradual decrease in the value of fixed assets is called

Question # 7

Net profit is always

Question # 8

Income tax paid is a

Question # 9

Bad debts are business

Question # 10

Patent is an example of

Question # 11

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

Question # 12

Interest on drawings is

Question # 13

An income which has earned but not received is called

Question # 14

The debts, the recovery or realization of which is uncertain are known as

Question # 15

Deprecation is

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