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

Distinction between capital and revenue items is important for the preparation

Question # 2

Capitalized expenditure are shown in

Question # 3

Wages paid for the construction of building is an example of

Question # 4

An expenditure, incurred to improve the position of the business is known as

Question # 5

A revenue expenditure, the benefit of which is not confined to one accounting year is called

Question # 6

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

Question # 7

Preliminary expenses paid in the formation of a company is a

Question # 8

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

Question # 9

All revenue expenditure are taken to

Question # 10

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

Question # 11

Bad debts are

Question # 12

Transaction, having short-term effects are known as

Question # 13

Expenditure, which helps to maintain the business efficiency is called

Question # 14

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

Question # 15

Which one of the following is appeared in the balance sheet

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