11th Principles of Accounting Chapter 6 Test

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First Year Principles of Accounting Chapter 6 Online MCQ Test for 1st Year Principles of Accounting Chapter 6 (Accounting for Bills of Exchange)

This online test contains MCQs about following topics:

Principles of accounting Icom Part 1 English Medium Chapter 6 Online Test

Try the Principles of accounting Icom Part 1 English Medium Chapter 6 Online Test.

  • Total Questions15

  • Time Allowed20

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. 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

ClassName Chapter Wise Test

Here is List Of ClassName Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Answers Mode Launch Test
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.

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Principles of accounting Icom Part 1 English Medium Chapter 6 Online Test (MCQs With Answers)

Sr. # Questions Answers Choice
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
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