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This online test contains MCQs about following topics:
. What is ledger . Features . Forms of ledger accounts . Posting procedure . Balancing an account . Normal balances . Posting procedure illustrated . self-balancing form of ledger account . Trail balance . Methods of preparing trail balance . Accounting cycle to the trial balance
ICOM Part 1 Accounting Ch 5 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test
Try the Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test.
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Total Questions15
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Time Allowed20
Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test
00:00
Question # 1
The money with which business is started is known as:
Question # 2
From business point of view, interest on capital is considered as
Question # 3
In adjusting the cash balance one of the following is not taken into account:
Question # 4
Assets come into existence upon the happening of a certain event, are called:
Question # 5
Net Profit is transferred to
Question # 6
Profit & Loss a/c is prepared to ascertain
Question # 7
The debts, the recovery of which is uncertain are called
Question # 8
Goods withdrawn by the proprietor for personal use should be credited to
Question # 9
Wages paid for installing a machine should be debited to
Question # 10
The const concept applied only to the assets and not to:
Question # 11
Loss of good by fire should be credited to:
Question # 12
The account of depreciation of building of Rs. 30,000 at 5% p.a. will be
Question # 13
Income tax paid is a
Question # 14
The concession given by the supplier to the buyer on purchases of good is known as:
Question # 15
Gross profit is derived from
11th Principles of Accounting Chapter 5 Test
Here you can prepare 11th Principles of Accounting English Medium Chapter 5 Ledger Test. Click the button for 100% free full practice test.
Top Scorers of Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test
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Z Zahid javed Butt 08 - Jun - 2024 01 Min 38 Sec 14/15 -
W Waj Khan 15 - Dec - 2023 01 Min 55 Sec 14/15 -
A Abdullah Zafar 20 - Sep - 2023 01 Min 56 Sec 14/15 -
T Taiba Siddique 30 - May - 2024 00 Min 08 Sec 13/15 -
A Alishba Pervaiz 24 - Jun - 2023 01 Min 49 Sec 12/15 -
F Fatima Asif 23 - May - 2024 02 Min 31 Sec 12/15 -
I ishrat fatima 07 - Jun - 2024 01 Min 17 Sec 11/15 -
A Abeer 07 - Feb - 2024 02 Min 08 Sec 11/15 -
S Sania Butt 08 - Jun - 2024 09 Min 16 Sec 11/15 -
M Mudassar Ali 12 - Jun - 2023 03 Min 55 Sec 10/15 -
L Laraib Zaman 16 - Jun - 2023 03 Min 56 Sec 10/15 -
A Ayan Ahmed 01 - May - 2024 01 Min 51 Sec 9/15 -
S Sohera Aslam 18 - Aug - 2023 02 Min 12 Sec 9/15 -
S Subtain Ahmed Raza 22 - Jul - 2023 03 Min 17 Sec 9/15 -
W Waqas Khan 02 - Oct - 2023 04 Min 20 Sec 9/15
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Test Questions
