11th Principles of Accounting Chapter 9 Test

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First Year Principles of Accounting Chapter 9 Online MCQ Test for 1st Year Principles of Accounting Chapter 9 (Final Accounts)

This online test contains MCQs about following topics:

Principles of accounting Icom Part 1 English Medium Chapter 9 Online Test

Try the Principles of accounting Icom Part 1 English Medium Chapter 9 Online Test.

  • Total Questions15

  • Time Allowed20

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. What are final accounts . What do we mean by revenue . Expenses . Matching revenue and expenses . Trading account . Why is trading account prepared . Why closing stock is shown in the trading account . Valuation of closing stock . Closing entries: last stage in final accounts . Profit and loss account: stage 2 . Blance sheet: last stage in final accounts . Classification of assets . Classification of liabilities . Grouping and marshalling of assets & liabilities in balance sheet

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 9 Final Accounts Test. Click the button for 100% free full practice test.

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Principles of accounting Icom Part 1 English Medium Chapter 9 Online Test (MCQs With Answers)

Sr. # Questions Answers Choice
1 Net profit plus expenses is equal to purchases Cost of goods sold Capital Gross profit
2 Net sales are equal to sales minus Returns inwards Returns outwards Cost of goods sold carriage on sales
3 Gross profit equals to Net profit minus expenses Sales minus closing stock Purchases minus closing stock Sales minus cost of goods sold
4 Which account is a summary of direct expenses and direct revenues Trading and profit or loss account Profit or loss account Balance sheet Trading account
5 Assets which have no physical existence are called Tangible assets Fictitious assets Liquid assets Intangible assets
6 Excise duty is a Direct revenue Indirect revenue Direct expense Indirect expense
7 A balance sheet is a Statement of income and expenditure Statement of debtors and creditors Financial statement of a business on a particular date Statement of profit earned by a busniess
8 Net profit is equal to Gross profit - expenses Sales - Cost of goods sold Sales - expenses Capital - expenses
9 It is prepaid to determine the gross profit or gross loss Trading account Profit or loss account Balance sheet None of these
10 It is prepared to determine the net profit or net loss Trading account Profit or loss account Cash book Balance sheet
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