Principles of Accounting Icom Part 2 English Medium Chapter 1 Online Test

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Principles of Accounting Icom Part 2 English Medium Chapter 1 Online Test

  • Total Questions15

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Principles of Accounting Icom Part 2 English Medium Chapter 1 Online Test

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Question # 1

In case of dissolution, assets sold for cash are debited to.

Question # 2

The opening capitla is ascertained by preparing.

Question # 3

Under single entry system sometimes,

Question # 4

Net worth is equal to,

Question # 5

Due to drawings made during the year, the closing capital will,

Question # 6

If the cash sales are missing they are to be ascertained by the construction of.

Question # 7

Opening capital is calculated by taking the difference between,

Question # 8

According to companies ordinance, single entry system cannot be adopted by,

Question # 9

A statement of assets and liabilities is prepared under the single entery system is called.

Question # 10

The figure of the credit purchase can be worked out.

Question # 11

Bad debt written off always affect the

Question # 12

The Closing Capital is worked out by preparing the.

Question # 13

Single entry system is suitable where,

Question # 14

In cash of net worth method of sigle entery system net profikt is ascertained by.

Question # 15

In single entry system both the aspects, debit and credit of a transaction are not recorded soit is.

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