Accounts - Principles of Accounts Questions
Question 2206:
Which of the following attracts a fixed rate of dividend?
- A Ordinary shares
- B Founder's shares
- C Preference shares
- D Defferred shares
Question 2207:
Which of the following is the basis accounting equation?
- A Assets = capital + liabilities
- B Capital = assets + liabilities
- C Liabilities = assets + capital
- D Assets = liabilities + equity
Question 2208:
Which of the following is the basis accounting equation?
- A Assets = capital + liabilities
- B Capital = assets + liabilities
- C Liabilities = assets + capital
- D Assets = liabilities + equity
Question 2209:
A sales Day book is used for recording
- A Credit sales
- B Sales returns
- C Hire purchase
- D Cash sales
Question 2210:
An analytical cash book is used to
- A Indicate source of cash received
- B Categorise petty cash payment
- C Separate cash and bank balance
- D Analyse amounts due from debtors