Principles of accounting Icom Part 1 English Medium Chapter 3 Online Test

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  • Available questions35
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Principles of accounting Icom Part 1 English Medium Chapter 3 Online Test

  • Total Questions15

  • Time Allowed20

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Principles of accounting Icom Part 1 English Medium Chapter 3 Online Test

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Question # 1

Bank for collection is a

Question # 2

When a bill is transferred by the drawer to his creditor, for settlement of his debts, it is called

Question # 3

A bill of exchange is a method of payment on

Question # 4

Real accounts are related to:

Question # 5

When bank column of a cash book shows a credit balance, it means:

Question # 6

The concept of conservation will have the effect of:

Question # 7

When is a drawee is declared insolvent which account is to be debited in the books of drawer

Question # 8

The Legal tenor of a bill is

Question # 9

Any activity undertaken for the purpose of earning profit is called:

Question # 10

Which cash is paid or received in an exchange the transaction is called:

Question # 11

A bill of exchange is a / an

Question # 12

When a Bill is dishonoured, the holder of the bill goes to an official called

Question # 13

When a drawee honours his acceptance, he will credit

Question # 14

The transaction for which non separate book is maintained are recorded in:

Question # 15

Subsidiary books are called the book of:

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