Accounts - Principles of Accounts Questions
Question 236:
Which of the following is an example of intangible assets?
- A Trade debtors
- B Stock of goods
- C Trade creditors
- D Motor vehicles
Question 237:
A source document that aids the ascertainment of amount paid out of current account is the?
- A Teller
- B Cheque stub
- C Cheque
- D Teller stub
Question 238:
The most convenient cash book used by a petty trader operating in an area where there is no banking facility is?
- A Four column
- B Three column
- C Single column
- D Two column
Question 239:
A general journal contains?
- A Date, narration, folio, debit, and purchases
- B Date, narration, folio, debit and purchase
- C Folio, credit, date, debit and sales
- D Debit, credit, narration, date and discount
Question 240:
Which of the following errors will affect the trial balance total?
- A Posting disscount allowed to the debit side of the discount allowed account
- B Omision of one account from the list when extracting from the ledger
- C Failure to post sales of N2,000 and purchases of N2,000 from the subsidiiary ledger
- D Omission of sales of N3,000 and purchases of N2,000