Income and Expense Accounts online Test

Which of the following groups of income accounts has more individual accounts?


In which of the following groups do we find the Commission Income account?


On which account do we record income earned in return for a service done for other people or businesses?


Stock not sold the previous year, ends up on which of the following accounts?


Which of the following is not a stock account?


For a Hotel business, on which of the following accounts should we record the raw food bought?


Payments made to businesses which do some work on behalf of the business are recorded on which account?


Which of the following is not an account?


On which of the following accounts do we record money paid to those who sell on behalf of the business?


Which of the following is a disallowed expense?












Description:

This test assesses the understanding of Accounts used for recording Incomes and Expenses, in a comprehensive chart of Accounts.

This test assesses the understanding of Accounts used for recording Incomes and Expenses, in a comprehensive chart of Accounts.

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