Accounts - Principles of Accounts Questions
Question 2496:
In the operation of an imprest of petty cash, the
- A Petty cashier pays all expenses
- B Petty cashier pays money to the accountant
- C Petty cashier regularly begins each period with the same amount of money
- D Main cashier accounts to the petty cashier for some experiences made by him
Question 2497:
An example of a credit entry in a profit and loss account is
- A Carriage inwards
- B Carriage outwards
- C Discounts allowed
- D Discounts received
Question 2498:
Which of the following subsidiary books involves cash movements?
- A Sales day book
- B Purchases day book
- C Returns inwards book
- D Petty cash book
Question 2499:
The accounting treatment for a dishonored cheque is; debit
- A Customer's account; credit bank account
- B Bank account; credit customer's account
- C Customer's account; credit sales account
- D Sales account; credit customer account