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Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 2396:
The concept which states that assets are not to be recorded at their current market value is
  • A Money measuremen
  • B Materiality
  • C Cost
  • D Entity
View Answer & Explanation
Question 2397:
Provision for depreciation on delivery van is charged to
  • A Trading account
  • B Profit and loss account
  • C Appropriation account
  • D Manufacturing account
View Answer & Explanation
Question 2398:
The objectively of accounting information is enable users to
  • A Prepre the financial statements
  • B Value stock
  • C Make decisions
  • D Prepare budgets
View Answer & Explanation
Question 2399:
The objectively of accounting information is enable users to
  • A Prepre the financial statements
  • B Value stock
  • C Make decisions
  • D Prepare budgets
View Answer & Explanation
Question 2400:
Trade discounts are given for
  • A Bulk purchases
  • B Prompt payment
  • C Quick delivery
  • D Cash payment
View Answer & Explanation