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Wednesday, 08 April 2026
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Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 2481:
the process of detecting, tracing and eliminating errors in a computer program is
  • A Reproduction
  • B Debugging
  • C Sorting
  • D Retrieving
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Question 2482:
The process of detecting, tracing and eliminating errors in a computer program is
  • A Reproduction
  • B Debugging
  • C Sorting
  • D Retrieving
View Answer & Explanation
Question 2483:
When the going concern concept is no longer applicable, the fixed assets are recorded at their
  • A Net book value
  • B Realizable value
  • C Gross value
  • D Revalued amount
View Answer & Explanation
Question 2484:
In a non-for-profit making organization, the cash book is referred to as
  • A Income and expenditure acount
  • B Receipts and payments account
  • C Two column cashbook
  • D Petty cash bok
View Answer & Explanation
Question 2485:
Which of the following relates to the essence of partnership? To
  • A Run a charity organization
  • B Pursue a social objective
  • C Form a business for profit
  • D Run a religious objective
View Answer & Explanation