Accounts - Principles of Accounts Questions
Question 1801:
The income accruing to debenture holders is called
- A Dividend
- B Net profit
- C Shares
- D Interest
Question 1802:
The amount by which assets exceed specific liabilities is called
- A Reserve
- B Provision
- C Premium
- D Bonus
Question 1803:
Which of the following has a debit balance at the end of the year?
- A Rates prepaid account
- B Bank loan account
- C Income received in advance account
- D Ordinary share capital account
Question 1804:
Which of the following is not an example of a fictitious asset?
- A Raw materials stock
- B Debit balance of profit and loss account
- C Preliminary expenses f a limited company
- D Expenditure on incorporation carried forward
Question 1805:
Prime cost consist of
- A Direct material and direct labour cost
- B Direct material, direct labour and direct expenses
- C Direct material, direct labour, direct expenses overhead
- D Direct material and direct expenses