Accounts - Principles of Accounts Past Questions and Answers

Administrative, selling and distribution expenses in a manufacturing firm are recorded in

Which of the following is not a revenue to a local government?

Which of the following is not an item in the profit and loss account?

A loss made on the disposal of a fixed assets is debited to

Use the following information to answer the given question<br/>\(\begin{array}{c|c} & D \\ \hline \text{Cash in hand}& 1,440\\ \text{Cash at bank} & 2440\\ \text{Stock} & 2,500\\ \text{Furniture and fittings} & 2,200 \\ \text{Creditors} & 1,000\end{array}\)<br/>The capital is