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Principles of accounting Icom Part 1 English Medium Online Test

  • Medium English
  • Available questions396
  • Chapter Name1
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Principles of accounting Icom Part 1 English Medium Online Test

  • Total Questions15

  • Time Allowed20

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Principles of accounting Icom Part 1 English Medium Online Test

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Question # 1

If any income omitted to be recorded it will

Question # 2

Goods purchased from Robin have been posted to Rahim account, it is an:

Question # 3

The gross amount of goods sold or services performed during an accounting period is known as

Question # 4

A cash account always shows

Question # 5

A dealing between two persons is called a

Question # 6

All cash purchases and cash sales are recorded in

Question # 7

A sheet which minimizes the chances of errors to the maximum possible extent is called

Question # 8

Purchased goods on credit and for cash will affect

Question # 9

It is the price of goods sold or services provided by a business to its customers

Question # 10

Accounts relating to persons of firms are called:

Question # 11

Goods withdrawn by the proprietor for personal use should be credited to

Question # 12

A gradual decrease in the value of fixed assets is called

Question # 13

An operating statement is similar to a

Question # 14

A document is sent to customer when he returns the goods is called

Question # 15

The amount by which the revenue for a particular period of time exceed from expenses incurred to generate them is called

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Matric Part 2/10th Class English Chapter 1 MCQ Test With Answer for Chapter 1 Hazrat Muhammad (S.A.W) an Embodiment of Justice

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