Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test

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  • Available questions25
  • Chapter Name14
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Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test

  • Total Questions15

  • Time Allowed20

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Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test

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Question # 1

Error which affects profit and loss account relates to

Question # 2

Transportation cost paid for the purchases of Machinery must be debited to

Question # 3

If there is any error in Bank account it will affect

Question # 4

Errors of affect one account can be

Question # 5

A sale of Rs. 1000 to Farid, was credited to his account, it will affect

Question # 6

Errors of omission affects

Question # 7

If the balance of suspense account is credit then it will be shown in balance sheet on

Question # 8

The credit purchases were wrongly recorded in sales book, the rectification of entry

Question # 9

If goods purchased from Rahim for Rs. 499, credited to Rehman's account for Rs. 499. this is an

Question # 10

If amount for Rs. 554 recovered from Ali, previously written off as bad debts we should

Question # 11

Error of principle arises when

Question # 12

Errors, which do not affect on profit calculation, will have an effect only on

Question # 13

When balance of suspense account has debit balance it will be shown in balance sheet on

Question # 14

If any income omitted to be recorded it will

Question # 15

.If the error committed in the capital account, it will affect

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