Principles of Accounts 2012 | Study Mode

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Question 41
A
general fund
B
contingency fund
C
trust fund
D
capital fund
Explanation

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Correct option: D
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Question 42
A
National Assembly
B
President
C
Judicial Service Commission
D
Civil Service Commission
Explanation

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Correct option: B
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Question 43
A
415,000 debit
B
215,000 credit
C
215,000 debit
D
315,000
Explanation

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Correct option: C
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Question 44
A
N3,800
B
N2,300
C
N2,200
D
N2,000
Explanation

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Correct option: C
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Question 45
A
N15,300
B
N17,500
C
N28,400
D
N31,600
Explanation

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Correct option: B
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Question 46
A
trade discount
B
cash discount
C
discount allowed
D
discount received
Explanation

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Correct option: A
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Question 47
A
N370,000
B
N230,000
C
N150,000
D
N140,000
Explanation

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Correct option: D
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Question 48
A
N35,000
B
N40,000
C
N105,000
D
N115,000
Explanation

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Correct option: C
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Question 49
A
N 6,950 credit
B
N6,950 debit
C
N6,000 credit
D
N6,000 debit
Explanation

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Correct option: B

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