Principles of Accounts 2012 | Study Mode

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Question 11
A
#6,300
B
#4,300
C
#3,700
D
#2,700
Explanation

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Correct option: A
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Question 12
A
#210,000
B
#202,000
C
#195,000
D
#184,000
Explanation

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Correct option: B
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Question 13
A
#34,000
B
#30,000
C
#15,000
D
#4,000
Explanation

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Correct option: B
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Question 14
A
Fixed assets
B
Current assets
C
Trademark
D
Gratuity
Explanation

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Correct option: C
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Question 15
A
#862.50
B
#840.00
C
#806.25
D
#750.00
Explanation

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Correct option: D
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Question 16
A
#1,198.00
B
#1,218.38
C
#1,257.67
D
#1,408.00
Explanation

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Correct option: D
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Question 17
A
previous prices
B
current prices
C
average rates
D
flat rates
Explanation

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Correct option: B
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Question 18
A
debited and debtors credited
B
credited and sales returns debited
C
debited and cash credited
D
credited and bank credited
Explanation

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Correct option: B
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Question 19
A
sales day book
B
purchasers day book
C
creditors legder
D
debtors ledger
Explanation

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Correct option: C
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Question 20
A
Cheque reciepts
B
Dishonoured cheques
C
Discount allowed
D
Bills recievable
Explanation

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Correct option: B

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