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

  • Medium English
  • Available questions25
  • Chapter Name10
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Principles of accounting Icom Part 1 English Medium Chapter 10 Online Test

  • Total Questions15

  • Time Allowed20

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

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Question # 1

All those expenses which have not become due but paid in advance are called

Question # 2

All those expenses which have become due but not paid are called

Question # 3

The revenue that has not become due, but received in cash in current year is known as

Question # 4

Interest due but not received is an

Question # 5

A gradual decrease in the value of fixed assets is called

Question # 6

Patent is an example of

Question # 7

Wages paid of installing a machine should be debited to

Question # 8

Provision for the doubtful debts is debited to

Question # 9

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

Question # 10

The debts, the recovery or realization of which is uncertain are known as

Question # 11

An income which has earned but not received is called

Question # 12

Net loss is always

Question # 13

Deprecation is

Question # 14

Outstanding expense given in adjustment is called

Question # 15

The amount becomes due from the customers is called

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