Accounts - Principles of Accounts Questions
Question 1846:
Which of the following is used in locating errors in the ledger?
- A Trading account
- B Trial balance
- C Control account
- D Journal proper
Question 1847:
A reserve is an amount
- A To be paid to creditors
- B Set out of profit for future use
- C For paying dividends
- D Recovered from debts earlier written off
Question 1848:
The income accruing to debenture holders is called
- A Dividend
- B Net profit
- C Shares
- D Interest
Question 1849:
The income accruing to debenture holders is called
- A Dividend
- B Net profit
- C Shares
- D Interest
Question 1850:
The amount by which assets exceed specific liabilities is called
- A Reserve
- B Provision
- C Premium
- D Bonus