Principles of Accounts 2014 | Study Mode

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Question 41
A
credit #1,600,000
B
debit #1,600,000
C
credit #1,600,000
D
debit #800,000
Explanation

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Correct option: D
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Question 42
A
#224,950
B
#225,000
C
#324,950
D
#325,000
Explanation

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Correct option: B
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Question 43
A
#675,000
B
#975,000
C
#1,350,000
D
#1,950,000
Explanation

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Correct option: D
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Question 44
A
Federation account
B
Petroleum Technology Development Fund
C
Central Bank Account
D
Development fund
Explanation

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Correct option: A
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Question 45
A
virement
B
fund accounting
C
consolidated fund
D
financial regulation
Explanation

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Correct option: D
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Question 46
A
\( \frac{\text{Scrape Value} + \text{Sales}}{Useful life} \)
B
\( \frac{\text{Cost } - \text{Scrape Value}}{Useful life} \)
C
\( \frac{\text{Sales } - \text{Scrape Value}}{Useful life} \)
D
\( \frac{\text{Purchases } + \text{Sales }}{Useful life} \)
Explanation

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Correct option: B
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Question 47
A
N30,000
B
N40,000
C
N50,000
D
N60,000
Explanation

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Correct option: C
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Question 48
A
N13,890
B
N13,500
C
N10,500
D
N9,500
Explanation

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Correct option: A
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Question 49
A
N11,680
B
N11,930
C
N12,330
D
N13,430
Explanation

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Correct option: C

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