Principles of accounting Icom Part 1 English Medium Chapter 9 Online Test

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  • Available questions25
  • Chapter Name9

Principles of accounting Icom Part 1 English Medium Chapter 9 Online Test

  • Total Questions15

  • Time Allowed20

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Principles of accounting Icom Part 1 English Medium Chapter 9 Online Test

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Question # 1

A balance sheet is a

Question # 2

Goodwill, patent, copyright and trade mark are

Question # 3

Cash of sales is equal to

Question # 4

The valuation of closing stock is at

Question # 5

Assets which have no physical existence are called

Question # 6

Profit or loss appropriation account is not prepared in the case of

Question # 7

Gross profit equals to

Question # 8

It is prepared to determine the net profit or net loss

Question # 9

Net profit plus expenses is equal to

Question # 10

The price of goods sold or services rendered to the customers is called

Question # 11

If sales are Rs. 12000 Gross profit is 10% of sales and net profit is 5% of sales then the expenses will be

Question # 12

Debts which are repayable in the course of less than one year bur more than one month are called

Question # 13

An operating statement is similar to a

Question # 14

Drawings are deducted from

Question # 15

It is prepaid to determine the gross profit or gross loss

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