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Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 1956:
The document which advertises the sale of shares of a company is a/an
  • A Prospectus
  • B Debenture
  • C Statement
  • D Invoice
View Answer & Explanation
Question 1957:
Which of the following is not an externally visible part of a computer?
  • A Centra processing unit
  • B Microchip
  • C Monitor
  • D Keyboard
View Answer & Explanation
Question 1958:
Which of the following is the responsibility of a local government?
  • A Constructing market stalls
  • B Raising income tax revenue
  • C Developing highways and tolling them
  • D Developing major ports for tax purposes
View Answer & Explanation
Question 1959:
The procedure for utilizing the savings from one sub-head of expenditure to pay for another under the same head is
  • A Apportionment
  • B Virement
  • C Appropriation
  • D Allocation
View Answer & Explanation
Question 1960:
Patient and trade marks are classified under
  • A Intangible assets
  • B Current assets
  • C Fixed assets
  • D Wasting assets
View Answer & Explanation