Principles of Accounts 2013 | Study Mode

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Question 11
A
#8,800
B
#6,500
C
#5,200
D
#4,400
Explanation

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Correct option: C
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Question 12
A
#4,000
B
#7,000
C
#11,000
D
#24,000
Explanation

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Correct option: A
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Question 13
A
sales account and credit bank account
B
purchases and credit bank account
C
cash and credit freehold
D
bank and credit freehold
Explanation

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Correct option: B
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Question 14
A
#100,000
B
#86,000
C
#82,000
D
#76,000
Explanation

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Correct option: C
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Question 15
A
#17,000
B
#23,000
C
#26,000
D
#30,000
Explanation

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Correct option: C
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Question 16
A
#2,550
B
#2,500
C
#2,350
D
#2,250
Explanation

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Correct option: A
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Question 17
A
LIFO
B
FIFO
C
Simple average
D
Weighted average
Explanation

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Correct option: B
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Question 18
A
purchases day book
B
cash book
C
income and expenditure account
D
sales journal
Explanation

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Correct option: B
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Question 19
A
#5,700
B
#7,700
C
#9,800
D
#14,900
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: B
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Question 20
A
#8,700
B
#9,500
C
#9,700
D
#10,700
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: C

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