Principles of Accounting Icom Part 2 English Medium Online Test

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  • Available questions345
  • Chapter Name1

Principles of Accounting Icom Part 2 English Medium Online Test

  • Total Questions15

  • Time Allowed20

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Principles of Accounting Icom Part 2 English Medium Online Test

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Question # 1

The amount charged to depreciation goes on declining in.

Question # 2

When a firm dissolved with the consent of all the partners it is called.

Question # 3

Net worth is equal to,

Question # 4

In the absence of an partnership agreement the pfofit and losses are divided by the partners in the ratio of.

Question # 5

In case of Garner Vs. Murray rule, the decision was given is.

Question # 6

Another name of diminishing balance method of depreciation is the

Question # 7

A person whoinvest the minor portion of capital in the business and so he has small share in the profit is called.

Question # 8

Consignment account is in the nature of.

Question # 9

In single entry system,

Question # 10

The owner wquity in a company is commonly called.

Question # 11

Opening capital is calculated by taking the difference between,

Question # 12

The total amount recived by the company out of the totla called up amount is known as the.

Question # 13

An additional commission paid to the consignee who gurantees the payment in case of credit sale, is called.

Question # 14

The Receipt and payment account is the summery of the

Question # 15

The objective of charging depreciation on fixed assets is.

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