11th Principles of Accounting Chapter 9 Test

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First Year Principles of Accounting Chapter 9 Online MCQ Test for 1st Year Principles of Accounting Chapter 9 (Final Accounts)

This online test contains MCQs about following topics:

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.

  • Total Questions15

  • Time Allowed20

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. 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

ClassName Chapter Wise Test

Here is List Of ClassName Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Answers Mode Launch Test
1 Principles of accounting Icom Part 1 English Medium Online Test 396 Download PDF MCQ Answers Launch Test
1 Principles of accounting Icom Part 1 English Medium Chapter 1 Online Test 35 Download PDF MCQ Answers Launch Test
2 Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test 36 Download PDF MCQ Answers Launch Test
3 Principles of accounting Icom Part 1 English Medium Chapter 3 Online Test 35 Download PDF MCQ Answers Launch Test
4 Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test 35 Download PDF MCQ Answers Launch Test
5 Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test 35 Download PDF MCQ Answers Launch Test
6 Principles of accounting Icom Part 1 English Medium Chapter 6 Online Test 35 Download PDF MCQ Answers Launch Test
7 Principles of accounting Icom Part 1 English Medium Chapter 7 Online Test 18 Download PDF MCQ Answers Launch Test
8 Principles of accounting Icom Part 1 English Medium Chapter 8 Online Test 25 Download PDF MCQ Answers Launch Test
9 Principles of accounting Icom Part 1 English Medium Chapter 9 Online Test 25 Download PDF MCQ Answers Launch Test
10 Principles of accounting Icom Part 1 English Medium Chapter 10 Online Test 25 Download PDF MCQ Answers Launch Test
11 Principles of accounting Icom Part 1 English Medium Chapter 11 Online Test 22 Download PDF MCQ Answers Launch Test
12 Principles of accounting Icom Part 1 English Medium Chapter 12 Online Test 20 Download PDF MCQ Answers Launch Test
13 Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test 25 Download PDF MCQ Answers Launch Test
14 Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test 25 Download PDF MCQ Answers Launch 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.

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Principles of accounting Icom Part 1 English Medium Chapter 9 Online Test (MCQs With Answers)

Sr. # Questions Answers Choice
1 It is prepaid to determine the gross profit or gross loss Trading account Profit or loss account Balance sheet None of these
2 The price of goods sold or services rendered to the customers is called Sale Profit Expense Revenue
3 Assets which have no market value are called Wasting assets Fictitious assets Intangible assets Tangible assets
4 Which account is a summary of direct expenses and direct revenues Trading and profit or loss account Profit or loss account Balance sheet Trading account
5 The valuation of closing stock is at Cost price Market price Cost or market price whichever is lower Cost or market price whichever is higher
6 It is prepared to determine the net profit or net loss Trading account Profit or loss account Cash book Balance sheet
7 Debts which are repayable in the course of less than one year bur more than one month are called Quick liabilities Deferred liabilities Contingent liabilities Liquid liabilities
8 Net profit plus expenses is equal to purchases Cost of goods sold Capital Gross profit
9 Which of the following discloses the financial position of the business Trading account Profit or loss account Profit or loss appropriation account Balance sheet
10 Drawings are deducted from Sales Income Capital Expenses
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