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

Profit & Loss a/c is prepared to ascertain

Question # 2

The debts, the recovery of which is uncertain are called

Question # 3

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

Question # 4

Cash account is a:

Question # 5

Financial accounting is mainly confined to preparation of:

Question # 6

Net Sales represent

Question # 7

Loss of good by fire should be credited to:

Question # 8

The creditor of the business are called:

Question # 9

Goods withdrawn by the proprietor for personal use should be credited to

Question # 10

The money with which business is started is known as:

Question # 11

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

Question # 12

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

Question # 13

The account of depreciation of building of Rs. 30,000 at 5% p.a. will be

Question # 14

Office rent is a

Question # 15

Gross profit represents

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