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Thursday, 21 May 2026
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Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 2296:
The authority of the Accountant-General to disburse from government fund is
  • A Provision
  • B Warrant
  • C Vote
  • D Estimate
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Question 2297:
Use the following information to answer the given question <br/>\(\begin{array}{c|c} & Dr & Dr & \text{Balance}\\ \hline & ₦ & ₦ & ₦ \\ \text{2/1/06 Balance b/d} & & & 2,000 \\ \text{3/1/06 '23456'} & 500 & & 1,500\\ \text{4/1/06 Deposit} & & 1,000 & 2,500\\ \text{5/1/06 Deposit} & & 1500 & 4,000\\ \text{6/1/06 '23457'} & 3,000 & & 1,000\end{array}\) <br/>Total withdrawal is
  • A ₦3,500
  • B ₦2,500
  • C ₦2,000
  • D ₦1,000
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Question 2298:
The depreciation on plant acquired by a manufacturing company is treated as
  • A Prime cost
  • B Administrative expenses
  • C Factory overhead
  • D Selling and distribution expenses
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Question 2299:
As evidence of payment to a government treasury, revenue collectors issue
  • A Treasury card
  • B Receipt voucher card
  • C Treasury receipt
  • D Payment voucher
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Question 2300:
Hardware in data processing refers to
  • A Programs runs on the computer
  • B Entry and storage of information on computer
  • C Microsoft disc operating system
  • D Mechanical components of the computer
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