11th class Principles of Accounting chapter 10 online mcq test with answers for I.Com part 1 Principles of Accounting chapter 10(Adjustment and Their Effects on Final Accounts)

Principles of accounting Icom Part 1 English Medium Chapter 10 Online Test

Sr. #	Questions	Answers Choice
1	Provision for the doubtful debts is debited to	Debtors a/c Provision for bad debts a/c Profit or loss a/c Bad debts recovered a/c
2	The debts, the recovery or realization of which is uncertain are known as	Bad bets Doubtful debts Provision for doubtful debts Loan
3	Bad debts recovered from debtors should be credited to	Debtors a/c Bad debts a/c Bad debts recovered a/c Cash a/c
4	Bad debts are business	Expenses Liabilities Assets Revenue
5	The debts, which are irrecoverable from the debtors, are called	Debts Doubtful debts Bad debts Good debts
6	The amount becomes due from the customers is called	Allowance Loan Debts Doubtful debts
7	Patent is an example of	Assets Liabilities Income Expense
8	Income tax paid is a	Business expense Revenue for business Liability of business Personal expense
9	Net loss is always	Equal to gross loss More than gross loss Less than gross loss None of these
10	Wages paid of installing a machine should be debited to	Wages a/c cash a/c Machinery a/c None of these
11	Net profit is always	Equal to gross profit More than gross profit Less than gross profit None of these
12	Interest on drawings is	An asset A liability An expense A revenue
13	Interest due but not received is an	Outstanding expense Accrued income Prepaid expense Unearned income
14	From business point of view, Interest on capital is considered as	An income An expense A profit A liability
15	Deprecation is	A Liability A loss An expense Both b & c

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