Principles of accounting Icom Part 1 English Medium Online Test

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  • Chapter Name1
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Principles of accounting Icom Part 1 English Medium Online Test

  • Total Questions15

  • Time Allowed20

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Principles of accounting Icom Part 1 English Medium Online Test

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Question # 1

If goods purchased from Rahim for Rs. 499, credited to Rehman's account for Rs. 499. this is an

Question # 2

Goods withdrawn by the proprietor for personal use should be credited to

Question # 3

A transaction has been journalized but posted wrongly in the ledger account, it is an:

Question # 4

When cash is withdrawn from the bank for the personal use of the owner, must be debited to

Question # 5

A document given by the seller to the buyer for credit sale of goods or assets is called

Question # 6

An error completely omitted to be entered in the journal

Question # 7

Ahmed's cheque endorse to Akbar should be debited to

Question # 8

Income tax paid is a

Question # 9

Book used to record petty expenses and receipts

Question # 10

How many categories of accounts are

Question # 11

An expenditure, which is incurred to increase to profit earning capacity of a business concern, is called

Question # 12

Bank for collection is a

Question # 13

The balance of the trading account is the transferred to:

Question # 14

A schedule of balances of all accounts is called

Question # 15

Depreciation of fixed assets used in the business is an example of

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