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

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  • Available questions53
  • Chapter Name1

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

  • Total Questions15

  • Time Allowed20

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

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Question # 1

Both aspects of a transaction must be recorded in,

Question # 2

North worth of an organizaton means the excess of its total assets over total.

Question # 3

In single entrey system statements of assets and liabilities is called.

Question # 4

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

Question # 5

Opening capital is calculated by taking the difference between,

Question # 6

The opening capitla is ascertained by preparing.

Question # 7

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

Question # 8

Acceptance received durinthe period must be debited to bills receivable account and credited to.

Question # 9

The figure of the bills receivable can be worked out from.

Question # 10

In single entry system nominal accounts and some assets accounts balances are not available so it is not possible to prepare,

Question # 11

In single entry system real accounts are not maintained so the preparation of,

Question # 12

To calculate the true net profit or net loss in single entry system it is necessary that the amount of fresh capital should be subtracted from,

Question # 13

Not worth method is equal to.

Question # 14

Under single entry system sometimes,

Question # 15

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

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