Accounts - Principles of Accounts Questions
Question 1621:
A fund established for the payment of minor expenses is
- A Cash discount
- B Cash flow
- C Petty cash
- D Accumulated fund
- E Reserve
Question 1622:
The maximum amount which a company can raise by way of selling share is
- A Issued capital
- B Working capital
- C Paid-up capital
- D Shareholders capital
- E Authorized capital
Question 1623:
The aggregate of amounts owed to a business by is customers is known as
- A Accounts receivable
- B Account current
- C Accounts payable
- D Accumulated fund
- E Debtors' fund
Question 1624:
Which of the following does a consignee prepare and send to his consignor?
- A Account eceivable
- B Current account
- C Account payable
- D Account sales
- E Consignment account
Question 1625:
In the consignee's record account, the accounting treatment of expenses paid for on behalf of the consignor is debit
- A Consignee's account, credit cash account, credit cash account
- B Cash account, credit consignor's account
- C Consignee's account, credit cash account
- D Cash account, credit consignee's account
- E Account sales, credit consignee's account