Accounts - Principles of Accounts Questions
Question 2251:
The practice of identifying with one constant approach where a number of approach exist for solving an accounting problem is the convention of
- A Conservatism
- B Consistency
- C Prudence
- D Materiality
Question 2253:
Trade creditors personal accounts are found in the
- A Purchases ledger
- B Sales ledger
- C General ledger
- D Sales day book
Question 2254:
Which of the following is a norminal account?
- A Bank account
- B Cash account
- C Sales account
- D Stock account
Question 2255:
Which of the following is not an instrument for controlling public expenditure?
- A Constitution
- B Financial regulation
- C Budget
- D Memorandum