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

  • Medium English
  • Available questions25
  • Chapter Name9
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Principles of accounting Icom Part 1 English Medium Chapter 9 Online Test

  • Total Questions15

  • Time Allowed20

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

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Question # 1

Profit or loss appropriation account is not prepared in the case of

Question # 2

Expenses related to sale of goods are shown in

Question # 3

It is prepared to determine the net profit or net loss

Question # 4

Assets which have no physical existence are called

Question # 5

Net sales are equal to sales minus

Question # 6

Position statement is similar to a

Question # 7

Net profit plus expenses is equal to

Question # 8

Assets which have no market value are called

Question # 9

It is prepaid to determine the gross profit or gross loss

Question # 10

Which account is a summary of direct expenses and direct revenues

Question # 11

If the gross profit is Rs. 5000 and the net profit is 35% of the gross profit then the expenses must be

Question # 12

The price of goods sold or services rendered to the customers is called

Question # 13

Debts which are repayable in the course of less than one year bur more than one month are called

Question # 14

Gross profit equals to

Question # 15

Excise duty is a

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