Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test

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  • Chapter Name13

Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test

  • Total Questions15

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Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test

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Question # 1

Preliminary expenses paid in the formation of a company is a

Question # 2

It is the price of goods sold or services provided by a business to its customers

Question # 3

Distinction between capital and revenue items is important for the preparation

Question # 4

Depreciation of fixed assets used in the business is an example of

Question # 5

An expenditure, which is incurred to increase to profit earning capacity of a business concern, is called

Question # 6

Transaction, having short-term effects are known as

Question # 7

Bad debts are

Question # 8

The transactions, the effect of which is not exhausted with in the current accounting year are called

Question # 9

Expenditure is revenue expenditure because

Question # 10

An expenditure, which is completely exhausted with in the current accounting period is known as

Question # 11

An expenditure, which is non-recurring and irregular is called

Question # 12

Wages paid for the construction of building is an example of

Question # 13

Expenditure is a capital expenditure because

Question # 14

Heavy expenditure on advertisement for making a new product is a

Question # 15

Capitalized expenditure are shown in

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