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Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 1791:
Recurrent expenditure of government is paid from
  • A Contingenecies fund
  • B Reserve fund
  • C Development fund
  • D Consilidated fund
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Question 1792:
A bond acknowledging a loan to a company under the company's seal, bearing a fixed rate of interest is known as
  • A Certificate
  • B Agreement
  • C Bank loan
  • D Debenture
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Question 1793:
One mega byte is equal to
  • A 8 bytes
  • B 1 millin bytes
  • C 10 million bytes
  • D 1 billion bytes
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Question 1794:
Purchases of goods from Obi had been entered in Obike's Account. This is an error of
  • A Omssion
  • B Compensation
  • C Commission
  • D Original entry
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Question 1795:
The authority of the Accountant General to disburse from government fund is called
  • A Estimate
  • B Warrant
  • C Provision
  • D Vote
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