Accounts - Principles of Accounts Questions
Question 2091:
Direct material + direct expenses is
- A Overhead
- B Prime cost
- C Total cost
- D Conversion cost
Question 2092:
Books of account are opening by means of a
- A Purchases journal
- B Principal journal
- C Sales journal
- D Returns inward journal
Question 2093:
When both debit and credit entries of a transaction are shown in the cash book, it is described as
- A Contra entry
- B Reversal entry
- C Double entry
- D Single entry
Question 2094:
The correct order of liquidity is
- A Stock, debtors, prepayments and cash
- B Cash, payments, debtors and stock
- C Stock, cash, debtors and preyaments
- D Debtors, stock, cash and prepayments
Question 2095:
Which of the following ratios measure the ability of a firm to meet short-term obligations?
- A Net profit margin
- B Quick asset ratio
- C Turnover
- D Creditors ratio