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

Error of posting effects:

Question # 2

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

Question # 3

Wrong allocation of capital and revenue items of expenses represents

Question # 4

Preliminary expenses incurred before the commencement of business

Question # 5

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

Question # 6

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

Question # 7

An error completely omitted to be entered in the journal

Question # 8

Capitalized expenditures are shown in

Question # 9

Receipts which are non-recurring by nature:

Question # 10

The outflow of funds to meet the running expenses of a business

Question # 11

Raw material destroyed in fire represents

Question # 12

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

Question # 13

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

Question # 14

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

Question # 15

Premium on issue of shares of a company represents

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