Accounts - Principles of Accounts Questions
Question 1476:
The equivalent of a club's Receipt and payment account is
- A Cash account
- B Revenue account
- C Trading account
- D Suspense account
- E Profit and loss account
Question 1477:
Goodwill is
- A A current asset
- B A current liability
- C A long term liability
- D A fictitious asset
- E An intangible asset
Question 1478:
Purchases in accounting refers to goods bought for
- A Repairs
- B Owner's use
- C Resale
- D Decorating offices
- E Permanent use
Question 1479:
which of the following is not a Nominal Account?
- A Rent
- B Wages
- C Discount
- D Land
- E Interest
Question 1480:
The amount of individual items on a government budget is called
- A A vote
- B A deposit
- C A investment
- D A loan
- E A grant