Accounts - Principles of Accounts Questions
Question 1421:
In which of the following books will trade discount be recorded?
- A Cash book
- B General ledger
- C Purchases day book
- D Invoices
- E Journal voucher
Question 1422:
In a manufacturing company, wages paid to operatives increase the value of
- A Urnover
- B Prime cost
- C Gross profit
- D Overhead cost
Question 1423:
The accounting equation is
- A Assets and liabilities amount to capital
- B Capital less assets amounts to liabilities
- C Asseta less liabilities amount to capital
- D Capital and assets amounts to liability
- E Fixed assets and current liabilities amount to capital
Question 1424:
The purchases of a typewriter for the office was debited to purchases account. This is an error of
- A Commission
- B Omission
- C Original entry
- D Principle
- E Compensation
Question 1425:
Which of the following is not a book of prime entry?
- A Cash book
- B Puchases day book
- C Sles day book
- D Journal paper
- E Purchases ledger