Principles of accounting Icom Part 1 English Medium Online Test

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  • Available questions396
  • Chapter Name1

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

The transaction for which non separate book is maintained are recorded in:

Question # 2

The debts, the recovery of which is uncertain are called

Question # 3

Journal shows all necessary information regarding.

Question # 4

Ahmad's account is an example of

Question # 5

If there is any error in Bank account it will affect

Question # 6

The process of totaling the data at the end of the period is called

Question # 7

The act result of the business activities is shown by:

Question # 8

A many buy  Rs. 40,000 worth good and sells them for Rs. 50,000. His gross profit is:

Question # 9

Goodwill, patent, copyright and trade mark are

Question # 10

The book use to record all credit purchases is called:

Question # 11

The system of accounting in which accounting entries are made only when cash received or paid is known as

Question # 12

Profit or loss appropriation account is not prepared in the case of

Question # 13

The process of recording business transaction in the journal is called

Question # 14

Which account will be created in the presence of suspense account, if sales book is undercast by Rs. 500

Question # 15

An income which has earned but not received is called

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