Principles of accounting Icom Part 1 English Medium Chapter 6 Online Test

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  • Available questions35
  • Chapter Name6

Principles of accounting Icom Part 1 English Medium Chapter 6 Online Test

  • Total Questions15

  • Time Allowed20

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Principles of accounting Icom Part 1 English Medium Chapter 6 Online Test

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Question # 1

Wrong allocation of capital and revenue items of expenses represents

Question # 2

An error completely omitted to be entered in the journal

Question # 3

Acceptance to Mr. A was posted to the debit of B's account. The rectification of the entry will.

Question # 4

Goods sold to Ali for Rs. 50,000 recorded in purchases day book will affect

Question # 5

A receipt is revenue receipt because

Question # 6

Goods purchased from Robin have been posted to Rahim account, it is an:

Question # 7

Premium on issue of shares of a company represents

Question # 8

Which one of the following is appeared in the balance sheet ?

Question # 9

A receipt is revenue in nature, if it relates to:

Question # 10

A transaction has been journalized but posted wrongly in the ledger account, it is an:

Question # 11

The revenue profit should be transferred to:

Question # 12

Error of posting effects:

Question # 13

If the error committed in the capital account, it will affect

Question # 14

Any expenditure incurred to increase the earning capacity of a business

Question # 15

Raw material destroyed in fire represents

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