NAT-ICOM Commerce Accounting Easy Test

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NAT-ICOM Commerce Accounting Easy Test

  • Total Questions20

  • Time Allowed20

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NAT-ICOM Commerce Accounting Easy Test

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Question # 1

The entry which is recorded on the both sides of three column cash book is called

Question # 2

The errors which cancel themselves out are called

Question # 3

Trail balance shows

Question # 4

Sales return is also called

Question # 5

To any business bad debts is

Question # 6

Debit balance of cash book is also called

Question # 7

Which of theses assets is an intangible asset

Question # 8

The purchase of machinery on account would:

Question # 9

Transaction which is omitted from record is known as

Question # 10

Any physical that has money value is

Question # 11

Accounting is the language of

Question # 12

Preliminary Exp.Incurred for formation of Joint Stock Company represent.

Question # 13

Credit sales are recorded in

Question # 14

Important types of ledger are

Question # 15

Petty cash book is a branch of

Question # 16

Goods returned to supplier should be credited to:

Question # 17

A bill of exchange is drawn by a

Question # 18

If more than two accounts are involved in a journal entry it is called

Question # 19

Which of these is a fixed asset:

Question # 20

The modern system of book keeping is based on:

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