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Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 1616:
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
View Answer & Explanation
Question 1617:
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 1618:
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
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Question 1619:
When a business is purchased, the double entries required in the purchaser's book are debit,
  • A Venfdor's account and credit purchase of business account
  • B Asset account and credit purchases of business account
  • C Cash account and credit vendor's account
  • D Purchase of business account
  • E Vendor's account and credit cash account
View Answer & Explanation
Question 1620:
Which of the following are on the bank statement before reconciliation? i. standing order ii. payment to a creditor iii. receipt from a debtor iv. uncredited cheque v. unpresented cheque
  • A I and v
  • B I and ii
  • C Ii, ii and iii
  • D I and iv
  • E I, iv and v
View Answer & Explanation