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

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  • 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

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

Question # 2

If amount for Rs. 554 recovered from Ali, previously written off as bad debts we should

Question # 3

A sale of Rs. 1000 to Farid, was credited to his account, it will affect

Question # 4

If any income omitted to be recorded it will

Question # 5

Error of principle arises when

Question # 6

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

Question # 7

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

Question # 8

If the balance of suspense account is credit then it will be shown in balance sheet on

Question # 9

If a liability is recorded as income, it will be considered as

Question # 10

Error which affects profit and loss account relates to

Question # 11

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

Question # 12

Errors of affect one account can be

Question # 13

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

Question # 14

Any difference in trail balance, is transferred to

Question # 15

If any expense omitted to be recorded it will

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