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

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Correct option: C
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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 5
A
cash book
B
sales day book
C
petty cash book
D
returns inwards
Explanation

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Correct option: B
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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 7
A
Maintenance of office machine
B
Purchase of office stationery
C
Carriage inwards
D
Purchase of office machinery
Explanation

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Correct option: D
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Question 8
A
credit real accounts
B
debit real accounts
C
credit the ledger
D
debit the ledger
Explanation

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Correct option: C
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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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