Accounts - Principles of Accounts Questions
Question 1606:
The reward given to a debenture holder is called
- A Profit
- B Reserve
- C Premium
- D Dividend
- E Interest
Question 1607:
Which of the following is not a debit entry on a sales ledger control account?
- A Goods sold
- B Cash received
- C Dishonoured cash
- D Payment to debtors for claim
- E Interest charges
Question 1608:
If incorrect entries on the debit side equal other incorrect entries on the credit side, the error is that of
- A Ordinary entry
- B Omission
- C Commission
- D Compensation
- E Principle
Question 1609:
The accounting entries required for increase in provision for doubtful debts are
- A Debit profit and loss account, credit provision for doubtful debts account
- B Credit provision for doubtful debts account; debit profit and loss account
- C Credit trading account; credit provision and doubtful debts account
- D Credit trading trading account; debit provision for doubtful debts account
- E Credit debtor's account; debit provision for doubtful debts account
Question 1610:
Subscription in advance is an example of
- A Payment
- B Accual
- C Debtors
- D Provision
- E Reserves