Accounts - Principles of Accounts Questions
Question 2006:
The principle entry book-keeping states that every
- A Every debit entry must have a corresponding credit entry
- B Debtor must have a creditor
- C Double debit must must have a double credit entry
- D Account debited should also be credited
Question 2007:
Which of the following is used to record the purchase of fixed asset on credit?
- A Sales journal
- B Journal proper
- C Purchases journal
- D Cash book
Question 2008:
Which of the following is both a subsidiary book and a ledger?
- A Sales journal
- B Purchases journal
- C Returns inward book
- D Cash book
Question 2009:
Rent receivable account is an example of
- A Nnorminal account
- B Real account
- C Personal account
- D Private account
Question 2010:
Which of the following is not a source document?
- A Credit note
- B Invoice
- C Debit note
- D Bank note