Accounts - Principles of Accounts Questions
Question 2641:
Which of the following is not a cause for the difference between bank statement balance and cash book balance?
- A Bank charges
- B Presented cheque
- C Direct transfer
- D Standing order
- E Uncredited logements
Question 2642:
A sales journal is used to record
- A Sales expenses
- B Cash sales
- C Credit sales
- D Sales return
- E Sales commission
Question 2643:
Which of the following fixed assets is not depreciable?
- A Building
- B Tools
- C Land
- D Motor van
- E Furniture
Question 2644:
Payment is shown in the Balance Sheet as
- A Current asset
- B Liability
- C Capital
- D Fixed asset
- E Investment
Question 2645:
Mr. B sod goods worth N200 on credit to Mr. C. Mr. B should debit this to
- A Profit and loss account
- B Manufacturing account
- C Sales account
- D Mr. C's account
- E Mr. B's account