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Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 2366:
Which of the following is a subsidiary book?
  • A Cash book
  • B Bank statement
  • C Control accounts
  • D Trial balance
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Question 2367:
Goods returned by the buyer is recorded in the seller's book as
  • A Carriage inwards
  • B Carriage outwards
  • C Returns outwards
  • D Returns inwards
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Question 2368:
The method of ascertaining capital from income record is by preparing the
  • A Cash book
  • B Statement of affairs
  • C Suspense account
  • D Control account
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Question 2369:
A petty cashier operates with an imprest of D1,000 per week. At the end of the week he had disbursed D920. How much is needed to restore the imprest?
  • A D1,920
  • B D1,000
  • C D920
  • D D80
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Question 2370:
Accumulated fund is also referred to as
  • A Surplus
  • B Porofit
  • C Deficit
  • D Capital
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