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

  • Medium English
  • Available questions25
  • Chapter Name10
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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

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

Question # 2

Net profit is always

Question # 3

A prepaid expense is

Question # 4

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

Question # 5

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

Question # 6

Patent is an example of

Question # 7

Interest due but not received is an

Question # 8

Outstanding expense given in adjustment is called

Question # 9

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

Question # 10

Deprecation is

Question # 11

Wages paid of installing a machine should be debited to

Question # 12

The amount becomes due from the customers is called

Question # 13

Net loss is always

Question # 14

Bad debts recovered from debtors should be credited to

Question # 15

Bad debts are business

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