Principles of Accounts 2013 | Study Mode

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Question 31
A
1,11 and 111
B
1,11 and 1V
C
1,111 and 1V
D
11,111 and 1V
Explanation

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Correct option: A
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Question 32
A
bonus
B
commission
C
premium
D
goodwill
Explanation

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Correct option: D
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Question 33
A
a deed
B
a law
C
a constitution
D
an article
Explanation

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Correct option: A
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Question 34
A
debited to appropriation account
B
credited to appropiation account
C
treated as an expense in profit and loss account
D
recorded in the balance sheet as current assets
Explanation

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Correct option: B
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Question 35
A
par
B
premium
C
discount
D
interest
Explanation

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Correct option: B
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Question 36
A
net income
B
revenue reserve
C
capital reserve
D
net loss
Explanation

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Correct option: C
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Question 37
A
application allotment account and credit discount accoun
B
discount account and credit
C
cash account and credit discount account
D
discount account and credit bank account
Explanation

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Correct option: A
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Question 38
A
sales
B
purchases
C
equality
D
floor space
Explanation

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Correct option: C
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Question 39
A
#23,500
B
#60,500
C
#60,700
D
#82,500
Explanation

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Correct option: B
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Question 40
A
#52,000
B
#68,300
C
#68,800
D
#69,700
Explanation

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Correct option: D

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