Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test

  • Medium English
  • Available questions25
  • Chapter Name13
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Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test

  • Total Questions15

  • Time Allowed20

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Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test

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Question # 1

Depreciation of fixed assets used in the business is an example of

Question # 2

An expenditure, which is temporarily increase the profit making capacity of the business is called

Question # 3

An expenditure, incurred to improve the position of the business is known as

Question # 4

All revenue expenditure are taken to

Question # 5

An expenditure, which is completely exhausted with in the current accounting period is known as

Question # 6

Cost of redecorating a cinema hall is a

Question # 7

It is the price of goods sold or services provided by a business to its customers

Question # 8

Capitalized expenditure are shown in

Question # 9

Preliminary expenses paid in the formation of a company is a

Question # 10

The amount invested by the owner in the business to produce revenue is known as

Question # 11

An expenditure, which is non-recurring and irregular is called

Question # 12

Octori duty paid on machinery, is an example of

Question # 13

An expenditure, which is incurred to increase to profit earning capacity of a business concern, is called

Question # 14

Transaction, having short-term effects are known as

Question # 15

An expenditure, which increases the utility or productive capacity of an asset is treated as

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