Accounts - Principles of Accounts Questions
Question 2111:
Public sector accounting is practiced in
- A Public limited companies
- B Government organization
- C Profit making organization
- D Public trainging company
Question 2112:
A book that contains the account for the financial transactions of an organizations is the
- A Journal
- B Ledger
- C Folio
- D Register
Question 2113:
A sales ledger contains
- A Creditors' accounts
- B Nominal accounts
- C Real acounts
- D Debtors' accounts
Question 2114:
The basis of accounting which eliminates debtors and creditors is
- A Cash basis
- B Accral basis
- C Fund basis
- D Commitment basis
Question 2115:
Which of the following is not a revenue account?
- A Sales
- B Purchases
- C Discount received
- D Interest received