Principles of Accounts 2014 | Study Mode

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Question 11
A
the debit side only
B
the credit side only
C
both credit and debit sides
D
reversed entry
Explanation

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Correct option: C
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Question 12
A
imprest system only
B
direct purchase by branch
C
separate accountant for the branch
D
credit sales by only the headquarters
Explanation

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Correct option: D
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Question 13
A
1 and 11
B
1 and 111
C
1 and V
D
1 and 1V
Explanation

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Correct option: C
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Question 14
A
bank loan
B
contract payment
C
standing order
D
direct deposit
Explanation

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Correct option: D
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Question 15
A
net profit
B
gross margin
C
total purchases
D
total sales
Explanation

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Correct option: B
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Question 16
A
#4,500
B
#8,550
C
#9,000
D
#9,450
Explanation

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Correct option: B
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Question 17
A
#700,000
B
#240,000
C
#220,000
D
#202,000
Explanation

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Correct option: C
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Question 18
A
#10,361
B
#10,651
C
#17,396
D
#17,848
Explanation

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Correct option: B
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Question 19
A
#8,553
B
#8,263
C
#7,940
D
#1,228
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: B
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Question 20
A
gross sales
B
gross profit
C
net profit
D
net sales
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: B

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