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Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 1996:
Which of the following is not a source document?
  • A Cheque stub
  • B Cash receipt
  • C Cash receipt
  • D Cas book
View Answer & Explanation
Question 1997:
Use the following information to answer the given question<br/>\(\begin{array}{c|c} & ₦ \\ \hline \text{Balance as per cash book} & 18,000\\ \text{Dishonored cheques} & 1,200 \\ \text{Bank charged} & 300 \\ \text{Unpresented cheques} & 2,400\end{array}\)<br/>The adjusted cash book balance is
  • A ₦18,900
  • B ₦18,000
  • C ₦17,700
  • D ₦16,500
View Answer & Explanation
Question 1998:
Which of the following transactions is posted to the nominal ledger?
  • A Discounts alloed to customers
  • B Cash paid by a customer
  • C Purchase of fixed asset for cash
  • D Cash paid to suppliers
View Answer & Explanation
Question 1999:
Which of the following is a real account item?
  • A Goodwill
  • B Fixtures
  • C Debtors
  • D Interest
View Answer & Explanation
Question 2000:
Use the following information to answer the given question<br/>\(\begin{array}{c|c} & ₦ \\ \text{Balance as per cash book} & 18,000\\ \text{Dishonored cheques} & 1,200\\ \text{Bank charged} & 300\\ Unpresented cheques} & 2,400\end{array}\)<br/>The balance as per statement is
  • A ₦21,300
  • B ₦16,500
  • C ₦16,500
  • D ₦14,100
View Answer & Explanation