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.

Discussion

Soeuy

Hi sir, it is very difficult to understand what you mean

2028 days 12 hours 46 minutes ago

Venkatesh

hai sir,thank you this test is nice,

2442 days 15 hours 44 minutes ago

Kim

Hi
Thanks for the wonderful test. Please may you explain 'which one of the following groups of income accounts has more individual accounts' between Turnover and Other Income. Wouldn't Turnover has more?

3120 days 23 hours 58 minutes ago

Moses Carson Bakaluba
Disseminating Practical Bookkeeping & Accounting
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