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Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 1571:
Credit sales were debited to A. Akpan instead of B. Akpan. This is an error of
  • A Principle
  • B Original entry
  • C Omission
  • D Commission
  • E Compensation
View Answer & Explanation
Question 1572:
A list of balance extracted from the ledger is known as
  • A Balance sheet
  • B Statement of affairs
  • C Trading account
  • D Profit and losss account
  • E Trial balance
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Question 1573:
Provision for depreciation on office furniture is charged to
  • A Capital account
  • B Profit and loss appropriation account
  • C Trading account
  • D Profit and loss account
  • E Manufacturing account
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Question 1574:
Which of the following is not a cause discrepancy between cash book and bank statement balances?
  • A Deposits in transit
  • B Standing order
  • C Paid cheques
  • D Dishonoured cheque
  • E Uncredited cheques
View Answer & Explanation
Question 1575:
The financial plan of the government for a year is contained in the
  • A Vote book
  • B Cash analysis book
  • C Budget
  • D General order
  • E Gazette
View Answer & Explanation