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 system in whihc accounting records are not kept strictly according to the double entery principle of book keeping is called.

Question # 2

The investment in partners capital accounts is to be credited to.

Question # 3

Under aunuity method, the annual charger for depreciation wil be debited to.

Question # 4

An income and expenditure account is.

Question # 5

In appearance, the statement of affairs, is similar to a.

Question # 6

For the commission due to the consignee on the sales of goods in the books of the consignor will be credited to.

Question # 7

Un recorded liability when paid on dissolution of the firmis debited to.

Question # 8

In case of banking business, the numerb of persons must not exceed.

Question # 9

Income and expenditur eaccount is prepared at the

Question # 10

Ordinary shares are also known as.

Question # 11

The asses which have physical existence are called.

Question # 12

The part of the issued capital which has been taken up or subscribed by the public is called

Question # 13

In the absence of any agreement Reserve on dissolution of a partnership firm is credited to the partners.

Question # 14

Kind of company is.

Question # 15

Depreciation arise because of

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