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This online test contains MCQs about following topics:
. Definition . How a bill of exchange works? . How transactions relating to bills of exchange are recorded? . Accounting treatment for bills receivale and bills payable . Discounting of a bill of exchange: Another use of bill . Endorsement . bank for collection . Dishonour of a bill of exchange . Renewal of a bill . Difference between dishonour and renewal of a bill . Bills receivable and bills payable books . Promissory Note . Effect of insolvency
ICOM Part 1 Accounting Ch 6 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
Principles of accounting Icom Part 1 English Medium Chapter 6 Online Test
Try the Principles of accounting Icom Part 1 English Medium Chapter 6 Online Test.
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Total Questions15
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Time Allowed20
Principles of accounting Icom Part 1 English Medium Chapter 6 Online Test
00:00
Question # 1
Raw material destroyed in fire represents
Question # 2
Unearned income are known as:
Question # 3
Bad debts are
Question # 4
Which one of the following is appeared in the balance sheet ?
Question # 5
Which account will be created in the presence of suspense account, if sales book is undercast by Rs. 500
Question # 6
An error completely omitted to be entered in the journal
Question # 7
Goods sold to Ali for Rs. 50,000 recorded in purchases day book will affect
Question # 8
Premium on issue of shares of a company represents
Question # 9
Goods purchased from Robin have been posted to Rahim account, it is an:
Question # 10
The process of totaling the data at the end of the period is called
Question # 11
Some expenses are incurred at the time of the sate of an asset. The Amount will be debited to:
Question # 12
Any difference in trial balance is transferred to
Question # 13
A transaction has been journalized but posted wrongly in the ledger account, it is an:
Question # 14
The revenue profit should be transferred to:
Question # 15
Any expenditure incurred to increase the earning capacity of a business
11th Principles of Accounting Chapter 6 Test
Here you can prepare 11th Principles of Accounting English Medium Chapter 6 Accounting for Bills of Exchange Test. Click the button for 100% free full practice test.
Top Scorers of Principles of accounting Icom Part 1 English Medium Chapter 6 Online Test
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F Faizan Bakhsh 27 - Nov - 2023 00 Min 59 Sec 13/15 -
B BTS lifeline 24 - Jun - 2023 01 Min 15 Sec 12/15 -
S Subhan Baig 19 - Jul - 2024 02 Min 38 Sec 12/15 -
R Rabia Javaid 10 - Mar - 2023 05 Min 14 Sec 12/15 -
N Niaz 16 - Sep - 2022 01 Min 26 Sec 11/15 -
K KHALIL UR REHAMAN 25 - Aug - 2022 02 Min 13 Sec 11/15 -
F Fatima Asif 25 - May - 2024 02 Min 28 Sec 11/15 -
Z Zahid javed Butt 08 - Jun - 2024 02 Min 44 Sec 11/15 -
A Abdullah Zafar 20 - Sep - 2023 03 Min 16 Sec 11/15 -
N Neon Killer 13 - Jul - 2022 03 Min 18 Sec 11/15 -
M Mudassar Ali 14 - Jun - 2023 03 Min 22 Sec 11/15 -
K KHALIL UR REHAMAN 25 - Aug - 2022 02 Min 06 Sec 10/15 -
S Sohera Aslam 18 - Aug - 2023 02 Min 57 Sec 10/15 -
M Muhammad kashif shakoor 12 - Jun - 2024 03 Min 16 Sec 10/15 -
W Waj Khan 15 - Dec - 2023 03 Min 16 Sec 10/15
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Test Questions
