Accounts - Principles of Accounts Questions
Question 2351:
The two fundamental books of accounting are
- A Return inwards and outwards
- B Journal and ledger
- C Discounts allowed and received
- D Credit note and debit note
Question 2352:
The two fundamental books of accounting are
- A Return inwards and outwards
- B Journal and ledger
- C Discounts allowed and received
- D Credit note and debit note
Question 2353:
Which of the following is a capital expenditure?
- A Extension of building
- B Repairs of generator
- C Purchase of stock
- D Purchase of stationery
Question 2354:
Expenses accured at the end of the accounting year is treated in the balance sheets as
- A Current assets
- B Current liability
- C Ficed assets
- D Long-term liability