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This online test contains MCQs about following topics:
. What are final accounts . What do we mean by revenue . Expenses . Matching revenue and expenses . Trading account . Why is trading account prepared . Why closing stock is shown in the trading account . Valuation of closing stock . Closing entries: last stage in final accounts . Profit and loss account: stage 2 . Blance sheet: last stage in final accounts . Classification of assets . Classification of liabilities . Grouping and marshalling of assets & liabilities in balance sheet
ICOM Part 1 Accounting Ch 9 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
Principles of accounting Icom Part 1 English Medium Chapter 9 Online Test
Try the Principles of accounting Icom Part 1 English Medium Chapter 9 Online Test.
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Total Questions15
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Time Allowed20
Principles of accounting Icom Part 1 English Medium Chapter 9 Online Test
00:00
Question # 1
It is prepaid to determine the gross profit or gross loss
Question # 2
It is prepared to determine the net profit or net loss
Question # 3
An operating statement is similar to a
Question # 4
The price of goods sold or services rendered to the customers is called
Question # 5
The valuation of closing stock is at
Question # 6
Assets which have no market value are called
Question # 7
Which account is a summary of direct expenses and direct revenues
Question # 8
Excise duty is a
Question # 9
Drawings are deducted from
Question # 10
Net sales are equal to sales minus
Question # 11
A balance sheet is a
Question # 12
Assets which have no physical existence are called
Question # 13
Stock is trade is a
Question # 14
Gross profit equals to
Question # 15
Profit or loss appropriation account is not prepared in the case of
11th Principles of Accounting Chapter 9 Test
Here you can prepare 11th Principles of Accounting English Medium Chapter 9 Final Accounts Test. Click the button for 100% free full practice test.
Top Scorers of Principles of accounting Icom Part 1 English Medium Chapter 9 Online Test
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A Ayan Ahmed 04 - May - 2024 00 Min 57 Sec 14/15 -
S Sania Butt 08 - Jun - 2024 05 Min 24 Sec 14/15 -
Z Zahid javed Butt 08 - Jun - 2024 01 Min 57 Sec 13/15 -
N Nimrah 22 - Apr - 2021 04 Min 11 Sec 13/15 -
M Muhammad Muntazir 16 - Apr - 2022 06 Min 00 Sec 13/15 -
B BTS lifeline 24 - Jun - 2023 01 Min 12 Sec 12/15 -
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K kalsoom 11 - Jan - 2024 03 Min 25 Sec 12/15 -
R Rafaqat ali 23 - Jun - 2021 03 Min 26 Sec 12/15 -
R Rabia Javaid 11 - Mar - 2023 04 Min 04 Sec 12/15 -
N nazakat hussain 18 - Dec - 2020 04 Min 48 Sec 12/15 -
S Sohera Aslam 18 - Aug - 2023 02 Min 11 Sec 11/15 -
A Abdullah Zafar 22 - Sep - 2023 02 Min 39 Sec 11/15 -
M Muhammad kashif shakoor 15 - Jun - 2024 03 Min 49 Sec 11/15 -
U Ufaq 21 - Jul - 2021 04 Min 02 Sec 11/15
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Test Questions
