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Accounts - Principles of Accounts Past Questions and Answers

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Accounts - Principles of Accounts Questions

Question 2431:

Which of the following is not the purpose of a control account?

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A Check on errors of addition
B Locate errors
C Locate missing figures
D Monitor the cash book

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Question 2432:

Which of the following is not part of the central processing unit of a computer?

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A Arithmetical and lgical unit
B Memory unit
C Input unit
D Control unit

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Question 2433:

The double entry to record the proceeds on disposal of assets in debit

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A Bank account; credit asset disposal account
B Asset disposal account; credit bank account
C Provision for depreciation account; credit asset disposal account
D Asset disposal account; credit provision for depreciation account

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Question 2434:

Which of the following is a form of memorandum of association

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A Names of directors
B Appointment of directors
C Object of the business
D Payment of dividend

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Question 2435:

An underwriter for a company's share is paid

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A Interest
B Commision
C Dividend
D Salary

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