Principle of Accounting 2016 Study Mode

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Question 1
A
# 1,978 
B
# 1962 
C
# 1,522 
D
# 2,522 
Explanation.

No official Explanation yet!


Correct Option:
D

Question 2
A
#184, 000 
B
#196,500 
C
#212,000 
D
#168,500 
Explanation.

No official Explanation yet!


Correct Option:
D

Question 3
A
helps in the preparation of the balance sheet 
B
prevents fraud and theft of item of the business 
C
serves as a book of instruction to the bookkeeper 
D
help the banking industry to be efficient 
Explanation.

No official Explanation yet!


Correct Option:
B

Question 4
A
# 60,700 
B
#23,500 
C
#60,500 
D
#82,500 
Explanation.

No official Explanation yet!


Correct Option:
C

Question 5
A
business decision making 
B
due process in business 
C
motivating employees 
D
determining the work force 
Explanation.

No official Explanation yet!


Correct Option:
A

Question 6
A
return on capital employed 
B
gross profit margin 
C
net profit margin 
D
return on equity 
Explanation.

No official Explanation yet!


Correct Option:
A

Question 7
A
accounting ratios 
B
income and expenditure extract 
C
balance sheet extract 
D
found accounting 
Explanation.

No official Explanation yet!


Correct Option:
A

Question 8
A
accrued expenses 
B
lighting and heating 
C
salaries and wages 
D
general expenses 
Explanation.

No official Explanation yet!


Correct Option:
A

Question 9
A
bank statement and debit note 
B
cheque book and cashbook 
C
cheque stub and deposit slip 
D
payslip and credit invoice 
Explanation.

No official Explanation yet!


Correct Option:
A

Question 10
A
Accumulated depreciation 
B
Retained profit 
C
Share premium 
D
Loss on forfeited shares 
Explanation.

No official Explanation yet!


Correct Option:
B

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