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

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

Question # 2

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

Question # 3

Single entery system is most suitbale where

Question # 4

Net worth is equal to,

Question # 5

Single entry system is generally adopted by,

Question # 6

In single entery system only.

Question # 7

Single entery system is most suitbale where

Question # 8

Double entry system means

Question # 9

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 # 10

The opening and closing balance of bills Receivable can be calculated by preparing the.

Question # 11

In single entry system ledger contains the accounts of,

Question # 12

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

Question # 13

Under single entery system informatoin relating to expenses must be ascertained from the analysis of.

Question # 14

Closing capital in single entry system is calculated by preparing,

Question # 15

Cash book is prepared to find out the figure of.

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