Accounts - Principles of Accounts Questions
Question 1611:
Which of the following is an example of Personal Accounts?
- A Stock
- B Fixture
- C Equiptment
- D Rent
- E Debtors
Question 1612:
Working capital is measured by the excess of
- A Current liabilities over current assets
- B Fixed assets over current assets
- C Currents assets over current liabilities
- D Current assets over fixed assets
- E Long term liabilities fixed assets
Question 1613:
The undistributed profits of a limited liability company is
- A Goodwill
- B Working capital
- C Net profit
- D Rtained earings
- E Net loss
Question 1614:
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
Question 1615:
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