Accounts - Principles of Accounts Questions
Question 1206:
The accounting entries used to record a cheque issued by a business is to?
- A Debit cash book and credit drawer
- B Credit cash book and debit drawer
- C Debit cash book and credit suspense account
- D Credit cash book and debit suspense account
Question 1207:
In government accounting , the method used which records on the basis of financial entity with self balancing books instead of entity of propietorship is?
- A Virement
- B Fund accounting
- C Consolidated fund
- D Financial regulation
Question 1208:
which of the following affects the accuracy and authenticity of trial balance?
- A Error of ommission
- B Error of commission
- C Error of transposition
- D Error of original entry
Question 1209:
The major advantages of an imprest system is that it ?
- A Ensures a proper accountability for every expenditure
- B Trains the young accountants in the preparation for greater responsibility
- C Relieves the chief cashier of the numerous petty cash payments
- D Serves as an analysis column for every expenses