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

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

  • Total Questions15

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

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Question # 1

Subscription otstanding in the beginning are shown in the

Question # 2

Income and expenditure account shows.

Question # 3

If the debit side of the recipt and payment account exceeds the credit side it represents.

Question # 4

It is prepared by non-profit making organizations to determine surplus or deficit

Question # 5

A receipts and payments account is similar to

Question # 6

The account of non trading concern are generally maintained according to.

Question # 7

Receipt and payment account includes.

Question # 8

All transactions relating to non-profit seeking concerns are recorded in the books of account strictly according to

Question # 9

If the debit side of the income and expenditure account is greater thanthe credit sideit is termed as.

Question # 10

Capital fun of non trading concern is equal to.

Question # 11

Debit side of income and expenditur eaccount records.

Question # 12

Excess of assets over liabilities is an indication of.

Question # 13

A person who is elected to run the club

Question # 14

The method for preparing the final accounts in trading concerns and non-profit making organizations are

Question # 15

Example of non-profit making organization

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