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

  • Time Allowed20

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

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Question # 1

The closing balance of trade debtors can be located from.

Question # 2

Cash received from the debtors can be find out by preparing.

Question # 3

How many mathods are available to calculate the profit or loss under single entery system.

Question # 4

How many methods are available to calculate the profit or loss under single entry system,

Question # 5

Due to fresh capital introduced during the year, the closing capital will,

Question # 6

Single entry systme can bot be maintained by.

Question # 7

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

Question # 8

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

Question # 9

Single entry system contains,

Question # 10

Cash book is prepared to find out the figure of.

Question # 11

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

Question # 12

In single entery system only.

Question # 13

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

Question # 14

In increased net worth method, profit or loss is calculated by preparing,

Question # 15

Teh single entry system of book keeping is generay followed by

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