Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test

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  • Available questions25
  • Chapter Name14

Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test

  • Total Questions15

  • Time Allowed20

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Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test

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Question # 1

Error of principle arises when

Question # 2

Error which affects profit and loss account relates to

Question # 3

Error of carry forward will affect

Question # 4

If a transaction has been completely omitted from the Journal it will be considered

Question # 5

If goods purchased from Rahim for Rs. 499, credited to Rehman's account for Rs. 499. this is an

Question # 6

If any income omitted to be recorded it will

Question # 7

Errors, which do not affect on profit calculation, will have an effect only on

Question # 8

If any expense omitted to be recorded it will

Question # 9

Errors of omission affects

Question # 10

When two or more than two error occurred on the opposite side of the account and cancelled the affect of each are called

Question # 11

Wages paid for the erection of machine debited to wages account is an example of

Question # 12

The process of totaling the data at the end of the period is called

Question # 13

.If the error committed in the capital account, it will affect

Question # 14

If there is any error in Bank account it will affect

Question # 15

Transportation cost paid for the purchases of Machinery must be debited to

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