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