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Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 1896:
Which of the following serve as the main Government Fund used to service all operations of the government?
  • A General fund
  • B Consolidated revenue fund
  • C Consolidated reserve fund
  • D Special fund
View Answer & Explanation
Question 1897:
Which of the government serves as an input, storage and output device of a computer?
  • A Diskette
  • B Keyboard
  • C Monitr
  • D Printer
View Answer & Explanation
Question 1898:
The expenditure on a good or service which is consumed either immediately or within a current accounting government?
  • A Annual expenditure
  • B Budgetary expenditure
  • C Capital expenditure
  • D Recurrent expenditure
View Answer & Explanation
Question 1899:
Which of the following is not an intangible asset?
  • A Liancence
  • B Patents
  • C Trademarks
  • D Fixtures
View Answer & Explanation
Question 1900:
Which of the following is a capital expenditure?
  • A Salaries and wages
  • B Stationery
  • C Repairs of motor vehicle
  • D Purchase of furniture
View Answer & Explanation