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Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 2416:
which of the following is a component of prime cost?
  • A Depreciation
  • B Royalty
  • C Factory rent
  • D Factory electricity
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Question 2417:
The concept which establishes the rule for the periodic recognition of revenue as soon as it is capable of objective measurement is
  • A Going concern
  • B Entity
  • C Consistency
  • D Realization
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Question 2418:
Rent accrued in 2009 was D140, in 2010, D900 was paid while D160 was outstanding. Rent for 2010 was
  • A D1,200
  • B D1,060
  • C D920
  • D D880
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Question 2419:
Which of the following is not an input device?
  • A Card reader
  • B Paper top reader
  • C Alpha-numeric keyboard
  • D Line partnership
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Question 2420:
The equivalent of income and expenditure account in a trading concern is
  • A Trading account
  • B Profit and loss account
  • C Appropriation account
  • D Balance sheet
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