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Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 2276:
Which of the following does not appear in a bank statement?
  • A Dividend received
  • B Bank charges
  • C Uncredited cheques
  • D Dishonoured cheques
View Answer & Explanation
Question 2277:
The purchase of a typewriter for office use for ₦2,000 is debited to
  • A Creditors
  • B Bank account
  • C Purchases account
  • D Equipment account
View Answer & Explanation
Question 2278:
The document making a public offer for he sale of a company's share is
  • A Memorandum of association
  • B Articles of association
  • C Prospectus
  • D Certificate of registration
View Answer & Explanation
Question 2279:
Programs installed in computers to facilitate processing of data are
  • A Hardwares
  • B Software
  • C Magnetic tapes
  • D Diskettes
View Answer & Explanation
Question 2280:
In a not for profit making organization, the excess of income over expenditure is
  • A Added to capital
  • B Added to accumulated fund
  • C Deduced from capital
  • D Deducted from accumulated fund
View Answer & Explanation