Accounts - Principles of Accounts Questions
Question 2586:
Which of the following relates to cash basis of accounting?
- A Accruals and prepayments are considered
- B Debtors and creditors are recorded
- C Fixed assets are written off in the year of purchase
- D Profits are maximized
Question 2587:
Which of the following is found on the credit side of a partnership's appropriation of profit account?
- A Interest on capital
- B Interest on drawings
- C Share of profit
- D Drawings
Question 2589:
External users of accounting information include
- A Employees
- B Management
- C Bankers
- D Directors
Question 2590:
External users of accounting information include
- A Employees
- B Management
- C Bankers
- D Directors