NAT-ICOM Commerce Accounting Hard Test

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NAT-ICOM Commerce Accounting Hard Test

  • Total Questions20

  • Time Allowed20

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NAT-ICOM Commerce Accounting Hard Test

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Question # 1

Unearned income is shown as

Question # 2

Prepaid expenses are

Question # 3

A bill of exchange is accepted by

Question # 4

A bill of exchange is drawn by a

Question # 5

Which of the following books is called book of original entry:

Question # 6

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

Question # 7

To any business bad debts is

Question # 8

Cash sales are recorded in

Question # 9

Bad debt arises from

Question # 10

A bill of exchange is accepted by:

Question # 11

For payment of bill of exchange grace days are

Question # 12

The expenses incurred in purchasing land property represent

Question # 13

Transaction which is omitted from record is known as

Question # 14

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

Question # 15

Credit sales are recorded in

Question # 16

Furniture and machinery represent

Question # 17

Important types of ledger are

Question # 18

The person who draws a bill of exchange is known as

Question # 19

Which of the following account is increased by debit entries

Question # 20

The book in which small payments like refreshment tissues etc are recorded is called

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