Principles of Accounts 2012 | Study Mode

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Question 2
A
the application of proffessional competency 
B
the accuracy of postings 
C
the casting of financial figures 
D
effective preparation of balance sheet 
Explanation.
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Correct Option:
A
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Question 3
A
capital and debit liabilities 
B
liabilities and credit assets 
C
assets and credit capital 
D
capital and credit assets 
Explanation.
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Correct Option:
C
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Question 5
A
motor van and credit Akirika 
B
sales and credit Akrika 
C
motor van and credit cash 
D
cash and credit motor van 
Explanation.
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Correct Option:
C
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Question 6
A
sugar account #12,000 and credit Jide #12,000 
B
Jide #12,000 and credit sales account #12,000 
C
Ibrahim #12,000 and credit Jide #12,000 
D
sugar account #12,000 and credit Ibrahim #12,000 
Explanation.
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Correct Option:
B
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Question 7
A
purchases #12,000 and credit Ibrahim #12,000 
B
purchases #12,000 and credit sugar account #12,000 
C
Jide #12,000 and credit purchases 
D
Ibrahim #12,000 and sugar account #12,000 
Explanation.
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Correct Option:
A
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Question 10
A
has no sufficient cash with the bank 
B
has no account with the bank 
C
does not reside in the bank's country 
D
does not possess the domestic currency 
Explanation.
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Correct Option:
A
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