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Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 2341:
The document prepared for the disbursement of government fund is
  • A An invoice
  • B A receipt
  • C A payment voucher
  • D A bill
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Question 2342:
A financial plan of action expressed in monetary terms is a/an
  • A Warrant
  • B Budget
  • C Imprest
  • D Consilidated fund
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Question 2343:
Which of the following reserves is not used for bonus shares?
  • A Revolutional reserve
  • B Share premium
  • C Capital redemption reserve fund?
  • D General reserve
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Question 2344:
When shares are sold 'at par' it means they are issued at
  • A The market value
  • B The nominal value
  • C A discount
  • D A premium
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Question 2345:
Which of the following does not form part of shareholders fund?
  • A Ordinary shares
  • B Shares premium
  • C Profit
  • D Debenture
View Answer & Explanation