Principles of Accounts 2014 | Study Mode

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Question 21
A
#285,000
B
#300,000
C
#570,000
D
#600,000
Explanation

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Correct option: B
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Question 22
A
#801,000
B
#1,100,500
C
#1,160,500
D
#1,175,500
Explanation

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Correct option: D
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Question 23
A
the location of errors in the various accounts
B
up to date bank transactions
C
the payment of debts and liabilities of the firm
D
assets distribution with respect to income
Explanation

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Correct option: A
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Question 24
A
sales day book
B
cash book
C
purchases day book
D
returns day book
Explanation

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Correct option: B
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Question 25
A
the total debtors' account
B
the total creditors' account
C
all day books
D
both the debtors'and creditors' accounts
Explanation

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Correct option: A
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Question 26
A
current asset
B
current liability
C
fixed asset
D
intangible asset
Explanation

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Correct option: B
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Question 27
A
#57,470
B
#41,070
C
#40,210
D
#35,300
Explanation

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Correct option: A
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Question 28
A
#14,200
B
#16,400
C
#18,900
D
#20,500
Explanation

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Correct option: C
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Question 29
A
#8000
B
#9,500
C
#12,500
D
#15,500
Explanation

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Correct option: C
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Question 30
A
on profit basis
B
according to employee decision
C
according to material available
D
on equal basis
Explanation

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Correct option: D

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