Accounts - Principles of Accounts Questions
Question 2271:
A difference between the debit and credit totals in a trial balance is placed in
- A Bank reconciliation statement
- B Profit and loss account
- C Suspense account
- D Appropriate account
Question 2272:
A three column cash book contains column for
- A Cash, assets and liabilities
- B Bank, cash and assets
- C Cash, bank and return
- D Dscount, cash and bank
Question 2273:
The total debtors account of trading concern is N13,000. out of this 2% is irrecoverable, 5% of the balance is not like to be collected. What is the provision for doubtful debts?
View Answer & ExplanationQuestion 2274:
Which of the following is not part of factory overhead?
- A Factory salaries
- B Factory lighting and heating
- C Depreciation of plant and machinery
- D Depreciation of fixtures and fixing
Question 2275:
Cost of extension to a factory building is classified as
- A Capital receipt
- B Revenue expenditure
- C Capital expenditure
- D Revenue receipt