Principles of Accounts 2013 Study Mode

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Question 1
A
permanent records for all transactions 
B
analysis of accounts to trade debtors 
C
audited reports on the accounts of a company 
D
data about the employees of a company 
Explanation.

No official Explanation yet!

Correct Option:
A

Question 2
A
been overdrawn 
B
been understand 
C
debit balance 
D
credit balance 
Explanation.

No official Explanation yet!

Correct Option:
C

Question 3
A
debit capital and credit cash 
B
credit cash and debit bank 
C
debit cash and credit capital 
D
debit purchases and credit cash 
Explanation.

No official Explanation yet!

Correct Option:
C

Question 4
A
debit Agromachinex and credit cash 
B
debit equipment and credit Agromachinex 
C
credit capital and debit cash 
D
credit cash and debit purchases 
Explanation.

No official Explanation yet!

Correct Option:
A

Question 5
A
cash book 
B
sales day book 
C
petty cash book 
D
returns inwards 
Explanation.

No official Explanation yet!

Correct Option:
B

Question 6
A
nominal roll of employees 
B
record of number of hours worked 
C
effort of the employee 
D
record of number of dependants per employee 
Explanation.

No official Explanation yet!

Correct Option:
B

Question 7
A
Maintenance of office machine 
B
Purchase of office stationery 
C
Carriage inwards 
D
Purchase of office machinery 
Explanation.

No official Explanation yet!

Correct Option:
D

Question 8
A
credit real accounts 
B
debit real accounts 
C
credit the ledger 
D
debit the ledger 
Explanation.

No official Explanation yet!

Correct Option:
C

Question 9
A
discount recieved account and credit Alaka's account 
B
Alaka's account and credit discount recieved account 
C
Saka's account and credit discount recieved account 
D
discount allowed account and credit Alaka's account 
Explanation.

No official Explanation yet!

Correct Option:
D

Question 10
A
1, 11 and 111 
B
1, 111 and 1V 
C
11 and 1V 
D
111 and 1V 
Explanation.

No official Explanation yet!

Correct Option:
C

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