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

  • Medium English
  • 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

Deprecation is

Question # 2

Interest due but not received is an

Question # 3

Bad debts are business

Question # 4

Interest on drawings is

Question # 5

An income which has earned but not received is called

Question # 6

A prepaid expense is

Question # 7

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

Question # 8

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

Question # 9

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

Question # 10

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

Question # 11

Net profit is always

Question # 12

The amount becomes due from the customers is called

Question # 13

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

Question # 14

Bad debts recovered from debtors should be credited to

Question # 15

Income tax paid is a

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