Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test

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  • Available questions35
  • Chapter Name5

Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test

  • Total Questions15

  • Time Allowed20

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Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test

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Question # 1

Income received in advance during the year is

Question # 2

A bill from the point of view of a creditor is called a:

Question # 3

The debts, the recovery of which is uncertain are called

Question # 4

Any mistake in ledger can be easily detected with the help of:

Question # 5

Loss of good by fire should be credited to:

Question # 6

Office rent is a

Question # 7

Interest paid on loan is

Question # 8

The payments side of the cash book is undercast by Rs. 200, when overdraft as per bank statement i s the starting points:

Question # 9

Assets come into existence upon the happening of a certain event, are called:

Question # 10

Net Sales represent

Question # 11

From business point of view, interest on capital is considered as

Question # 12

Assets having some market value

Question # 13

In adjusting the cash balance one of the following is not taken into account:

Question # 14

The bad debts which are showed in the trial balance are called

Question # 15

The balance of the 'Caha Column' in cash book is always:

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