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

Bill receivable book represents

Question # 2

Purchased goods on credit and for cash will affect

Question # 3

Disagreement in balances may arise owing to mistake or mistakes in the:

Question # 4

Receipts which are non-recurring by nature:

Question # 5

The ______ is not a part of the permanent accounting record

Question # 6

The document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:

Question # 7

A credit sale was wrongly passed through purchases book, the rectification of the entry will:

Question # 8

How many parties are involved in case of Discounting of a bill ?

Question # 9

Unfavourable balance means

Question # 10

A sale of Rs. 1000 to Farid, was credited to his account, it will affect

Question # 11

Which book is used to record all credit purchases?

Question # 12

Income tax paid is a

Question # 13

If goods purchased from Rahim for Rs. 499, credited to Rehman's account for Rs. 499. this is an

Question # 14

A receipt is revenue in nature, if it relates to:

Question # 15

Unfavorable balances mean

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