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

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  • Available questions25
  • Chapter Name13

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

  • Total Questions15

  • Time Allowed20

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

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Question # 1

Expenditure is a capital expenditure because

Question # 2

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

Question # 3

Expenditure is revenue expenditure because

Question # 4

The amount invested by the owner in the business to produce revenue is known as

Question # 5

Octori duty paid on machinery, is an example of

Question # 6

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

Question # 7

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

Question # 8

Distinction between capital and revenue items is important for the preparation

Question # 9

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

Question # 10

An expenditure, which is temporarily increase the profit making capacity of the business is called

Question # 11

Cost of redecorating a cinema hall is a

Question # 12

Expenditure, which helps to maintain the business efficiency is called

Question # 13

Wages paid for the construction of building is an example of

Question # 14

Preliminary expenses paid in the formation of a company is a

Question # 15

Bad debts are

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