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Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 2581:
A person who has applied to purchase shares in a company is referred to as ?
  • A A promoter
  • B A subscriber
  • C An allottee
  • D An underwriter
View Answer & Explanation
Question 2582:
Which of the following expenses is allocated according to the floor area?
  • A Wages and Salaries
  • B Rent and Rates
  • C Canteen Expenses
  • D Discount allowed
View Answer & Explanation
Question 2583:
Goods stolen at the branch is debited to
  • A Defalcations account
  • B Branch stock account
  • C Branch adjustment account
  • D Branch debtors account
View Answer & Explanation
Question 2584:
Which of the following is a source of revenue for a local government?
  • A Personal income tax
  • B Company registration fees
  • C Royalties
  • D Market tolls
View Answer & Explanation
Question 2585:
The instrument used to release fund which the minister of finance has earlier withheld is
  • A Reserve expenditure warrant
  • B Supplementary general warrant
  • C Provisional general warrant
  • D Supplementary statutory warrant
View Answer & Explanation