Principles of Accounts 2013 | Study Mode

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Question 41
A
ascertain the cost of running the organization
B
ascertain the amount of profit or loss for each department
C
ascertain the amount of profits for losses for the enterprises
D
offset the loss of each treatment
Explanation

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Correct option: B
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Question 42
A
Share premium
B
Retained profit
C
Accumulated depreciation
D
Loss on forfeited shares
Explanation

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Correct option: A
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Question 43
A
#230,000
B
#280,000
C
#500,000
D
#550,000
Explanation

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Correct option: A
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Question 44
A
authorized by share holders
B
shared among the directors
C
fully subscribed
D
in the share certificate
Explanation

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Correct option: A
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Question 45
A
total profit and debtors balance
B
general reserve and retained profit
C
retained profit and fictitious assets
D
total profit less creditors balance
Explanation

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Correct option: D
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Question 46
A
cost price
B
mark-up
C
premium
D
margin
Explanation

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Correct option: C
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Question 47
A
the general supervision of all auditing personnel in all the ministeries
B
the compilation of annual financial statement
C
the interpretation of rules and regulations affecting the private sectors
D
ensuring the efficient operation of the ministries
Explanation

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Correct option: B
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Question 48
A
#10,994,500
B
#17,394,500
C
#18,774,500
D
#18,874,500
Explanation

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Correct option: A
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Question 49
A
statutory allocation
B
supplementary budget
C
virement
D
warrant
Explanation

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Correct option: B

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