Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test

  • Medium English
  • Available questions35
  • Chapter Name5
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Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test

  • Total Questions15

  • Time Allowed20

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Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test

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Question # 1

From business point of view, interest on capital is considered as

Question # 2

The account of depreciation of building of Rs. 30,000 at 5% p.a. will be

Question # 3

Goodwill, patent, copyright are classified as

Question # 4

Income tax paid is a

Question # 5

Goods withdrawn by the proprietor for personal use should be credited to

Question # 6

The const concept applied only to the assets and not to:

Question # 7

Interest paid on loan is

Question # 8

Financial accounting is mainly confined to preparation of:

Question # 9

Profit & Loss a/c is prepared to ascertain

Question # 10

Loss of good by fire should be credited to:

Question # 11

Rent account' is a kind of:

Question # 12

Gross profit represents

Question # 13

A bill from the point of view of a creditor is called a:

Question # 14

Gross profit is derived from

Question # 15

The bad debts which are showed in the trial balance are called

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