Accounts - Principles of Accounts Questions
Question 2451:
The order of financial accounting process involves i. recording ii. presenting iii. collecting iv. analyzing
- A I, ii, iii and iv
- B Ii, iii, i and iv
- C Iii, i, ii and iv
- D Iv, iii, ii and iv
Question 2452:
A dishonored cheque is
- A Debited in cash book
- B Credited in the cash book
- C Double entry in the cash book
- D Credited in the bank book
Question 2453:
A petty cashier received a float of GHC 84. The imprest is
- A GHC 204
- B GHC 120
- C GHC 84
- D GHC 36
Question 2454:
Which of the following is not a book of original entry?
- A Cash book
- B Purchases ledger returns
- C Returns outwards journal
- D General journal
Question 2455:
Use the following information<br/>\(\begin{array}{c|c} & ₦ \\ \hline \text{Net profit} & 60,000\\ \text{Total assets} & 520,000\\ \text{Current liabilities} & 150,000 \\ \text{Current assets} & 280,000 \end{array}\)<br/>The current ratio is?
- A 1.87 : 1
- B 1 : 1.87
- C 1 : 2
- D 2 : 1