Accounts - Principles of Accounts Past Questions and Answers

Use the following information to answer the question below<br/>\(\begin{array}{c|c} <br/>& 1/7/10 & 30/6/11 \\ <br/>& D & D \\<br/>\hline<br/>\text{Stock} & 1,460 & 4,200 \\<br/>\hline<br/>\text{Motor Car} & 3,600 & 3,200 \\<br/>\hline<br/>\text{Creditors} & 600 & 700 <br/>\end{array}\)<br/>Drawings during the year amounted to D1,500.<br/>Opening capital is

Use the following information to answer the question below<br/>\(\begin{array}{c|c} <br/>& 1/7/10 & 30/6/11 \\ <br/>& D & D \\<br/>\hline<br/>\text{Stock} & 1,460 & 4,200 \\<br/>\hline<br/>\text{Motor Car} & 3,600 & 3,200 \\<br/>\hline<br/>\text{Creditors} & 600 & 700 <br/>\end{array}\)<br/>Drawings during the year amounted to D1,500.<br/>Closing capital is

Use the following information to answer the question below<br/>\(\begin{array}{c|c} <br/>& 1/7/10 & 30/6/11 \\ <br/>& D & D \\<br/>\hline<br/>\text{Stock} & 1,460 & 4,200 \\<br/>\hline<br/>\text{Motor Car} & 3,600 & 3,200 \\<br/>\hline<br/>\text{Creditors} & 600 & 700 <br/>\end{array}\)<br/>Drawings during the year amounted to D1,500.<br/>Net profit for the year is

In the balance sheet of a social club, subscription owing is treated as a

The accounting concept that allows the cost of kitchen cutlery to be expensed , though it will be used for more than one year is