Accounts - Principles of Accounts Questions
Question 1581:
Which of the following does not appear on the debit side of a company's profit and loss appropriation account?
- A Compny tax
- B Unappropriated surplus
- C Proposed dividend
- D Transfer to rserve
- E Interim dividend paid
Question 1582:
Which of the following is not a profit and loss appropriation account item?
- A Staff salaries
- B Interest on capital
- C Interest on money advanced by partners
- D Share of profit
- E Interest and drawings
Question 1583:
Drawing appear on the
- A Debit side of the profit and loss account
- B Credit side of te profit and loss account
- C Debit side of the appropriation account
- D Debit side of the current account
- E Credit side of the appropriation account
Question 1584:
Sale of goods for N500 to Eddy was not posted. This is an error of
- A Omission
- B Compensation
- C Commission
- D Principle
- E Ordinary entry
Question 1585:
Purchase of goods for N1,000 from chukwu had been entered in Cukwura's account. This is an error of
- A Omission
- B Compensation
- C Commission
- D Principle
- E Original entry