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

  • Time Allowed20

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

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Question # 1

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

Question # 2

Income and expenditure account is usually accompanied by.

Question # 3

Receipt and payment account is prepared at the.

Question # 4

The income and expenditure account performs the same function as.

Question # 5

Amount received by the concern as per the will of the donor is known as.

Question # 6

The basic club record or book of original entry in non-profit making organization

Question # 7

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

Question # 8

Example of non-profit making organization

Question # 9

Receipts and payments account records transaction relating to

Question # 10

Receipt and payment account includes.

Question # 11

A person who is elected to run the club

Question # 12

At the end of the year non trading institutions prepare.

Question # 13

Receipts and payments account shows

Question # 14

If the credit side of the income oand expenditur eaccount is greater it is termed as.

Question # 15

Accured subscripttion represents.

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