Principles of Accounting Icom Part 2 English Medium Online Test

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  • Available questions345
  • Chapter Name1
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Principles of Accounting Icom Part 2 English Medium Online Test

  • Total Questions15

  • Time Allowed20

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Principles of Accounting Icom Part 2 English Medium Online Test

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Question # 1

The charter of the company containing the objects of whihc for company is being formed is called.

Question # 2

Single entery system is most suitbale where

Question # 3

The person who take the initaiative in the matter of formation of a company are known as the.

Question # 4

On the addimissionof a new partner the increase int he value of assets is debited

Question # 5

Single entry system is generally adopted by,

Question # 6

If any partner takes the responsibility to pay the liabilities of the firm at the time of dissolution then it should be credited to.

Question # 7

It is prepared by non-profit making organizations to determine surplus or deficit

Question # 8

In single entery system only.

Question # 9

Due to drawings made during the year, the closing capital will,

Question # 10

On the dissolution of the partnership unrecorded assets if takes away by the partners is debited to.

Question # 11

In consignmetn all the expenses either paid by the consiger himself or by the consignee are born by the.

Question # 12

The opening and closing balance of bills Receivable can be calculated by preparing the.

Question # 13

The system in whihc accounting records are not kept strictly according to the double entery principle of book keeping is called.

Question # 14

Premium on issue of share is a.

Question # 15

Dividend is calculated on.

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