Accounts - Principles of Accounts Questions
Question 1761:
Which of the following is a contra entry?
- A Lodgement of cheques into bank account
- B Loggement of cash in hand into bank account
- C Withdrawal of cash for private use
- D Treatment of discount receivd in the cash book
Question 1762:
Profit expressed as a proportion of cost price is
- A Gross profit
- B Mark-up
- C Margin
- D Profit percentage
Question 1763:
Which of the following will not make a trial balance total to agree?
- A Incomplete posting in the ledger accounts
- B Double entry for each transaction
- C Omission of a trabsaction from the ledger
- D Wrong entry of correct amount into different groups of accounts
Question 1764:
Deferred charges are also known as
- A Prepayment
- B Accrued expenses
- C Accruals
- D Deferred income
Question 1765:
The vote book in governmental accounting is used to
- A Register the name of voters
- B Control expenditure
- C Record government revenue
- D Record taxes paid