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

Capitalized expenditures are shown in

Question # 2

If sales return for Rs. 3,000 were incorrectly included in sales book, gross profit will be

Question # 3

Receipts, which are non-recurring by nature, are called

Question # 4

The profit which is earned during the ordinary course of business is regarded as:

Question # 5

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

Question # 6

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

Question # 7

Capital contributed by the partners is a:

Question # 8

Some expenses are incurred at the time of the sate of an asset. The Amount will be debited to:

Question # 9

Which account will be created in the presence of suspense account, if sales book is undercast by Rs. 500

Question # 10

Receipts which are non-recurring by nature:

Question # 11

Any expenditure incurred to increase the earning capacity of a business

Question # 12

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

Question # 13

Suspense means

Question # 14

Unearned income are known as:

Question # 15

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

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