This online test contains MCQs about following topics:
Try the Principles of accounting Icom Part 1 English Medium Chapter 6 Online Test.
Total Questions15
Time Allowed20
. Definition . How a bill of exchange works? . How transactions relating to bills of exchange are recorded? . Accounting treatment for bills receivale and bills payable . Discounting of a bill of exchange: Another use of bill . Endorsement . bank for collection . Dishonour of a bill of exchange . Renewal of a bill . Difference between dishonour and renewal of a bill . Bills receivable and bills payable books . Promissory Note . Effect of insolvency
Ch. # | Test Name | MCQs Available | PDF File | Answers Mode | Launch Test |
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1 | Principles of accounting Icom Part 1 English Medium Online Test | 396 | Download PDF | MCQ Answers | Launch Test |
1 | Principles of accounting Icom Part 1 English Medium Chapter 1 Online Test | 35 | Download PDF | MCQ Answers | Launch Test |
2 | Principles of accounting Icom Part 1 English Medium Chapter 2 Online Test | 36 | Download PDF | MCQ Answers | Launch Test |
3 | Principles of accounting Icom Part 1 English Medium Chapter 3 Online Test | 35 | Download PDF | MCQ Answers | Launch Test |
4 | Principles of accounting Icom Part 1 English Medium Chapter 4 Online Test | 35 | Download PDF | MCQ Answers | Launch Test |
5 | Principles of accounting Icom Part 1 English Medium Chapter 5 Online Test | 35 | Download PDF | MCQ Answers | Launch Test |
6 | Principles of accounting Icom Part 1 English Medium Chapter 6 Online Test | 35 | Download PDF | MCQ Answers | Launch Test |
7 | Principles of accounting Icom Part 1 English Medium Chapter 7 Online Test | 18 | Download PDF | MCQ Answers | Launch Test |
8 | Principles of accounting Icom Part 1 English Medium Chapter 8 Online Test | 25 | Download PDF | MCQ Answers | Launch Test |
9 | Principles of accounting Icom Part 1 English Medium Chapter 9 Online Test | 25 | Download PDF | MCQ Answers | Launch Test |
10 | Principles of accounting Icom Part 1 English Medium Chapter 10 Online Test | 25 | Download PDF | MCQ Answers | Launch Test |
11 | Principles of accounting Icom Part 1 English Medium Chapter 11 Online Test | 22 | Download PDF | MCQ Answers | Launch Test |
12 | Principles of accounting Icom Part 1 English Medium Chapter 12 Online Test | 20 | Download PDF | MCQ Answers | Launch Test |
13 | Principles of accounting Icom Part 1 English Medium Chapter 13 Online Test | 25 | Download PDF | MCQ Answers | Launch Test |
14 | Principles of accounting Icom Part 1 English Medium Chapter 14 Online Test | 25 | Download PDF | MCQ Answers | Launch Test |
Here you can prepare 11th Principles of Accounting English Medium Chapter 6 Accounting for Bills of Exchange Test. Click the button for 100% free full practice test.
Sr. # | Questions | Answers Choice |
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1 | The capital profit should be transferred to: | Profit and loss account Trading account Balance Sheet Both Trading and profit and loss account and balance sheet |
2 | Unearned income are known as: | Incomes Expenses Liabilities Assets |
3 | The outflow of funds to meet the running expenses of a business | Revenue loss Revenue expenditure capital expenditure capital loss |
4 | Bad debts are | deferred expenditure revenue expenditure capital expenditure none of these |
5 | A transaction has been journalized but posted wrongly in the ledger account, it is an: | Error of positing Error of principle Error of omission Error of commission |
6 | Any expenditure incurred to increase the earning capacity of a business | capital expenditure capital loss revenue loss revenue expenditure |
7 | Preliminary expenses incurred before the commencement of business | revenue expenditure capital expenditure deferred revenue expenditure capital loss |
8 | Error of principle involves an incorrect allocation of expenditure or receipt between. | Capital and revenue Capital and capitalized Revenue and deferred revenue Revenue and revenue |
9 | A receipt is revenue receipt because | the amount is small it relates to routine activity of business it is received in the accounting year both b, c |
10 | The profit which is earned during the ordinary course of business is regarded as: | Capital profit Revenue profit Revenue loss Long term profit |