Accounts - Principles of Accounts Questions
Question 2656:
Factory wages are always entered into the
- A Sales account
- B Manufacturing account
- C Profit ans loss account
- D Trading account
- E Trading account
Question 2657:
The payee of a cheque is the
- A Drawer's banker
- B Drawee's banker
- C Person naned to receive the amount on the cheque
- D Bank cashier
- E Drawer
Question 2658:
Which of the following is no part of prime cost of production?
- A Cost raw materials
- B Carriage on raw materials
- C Direct expenses
- D Direct wages
- E Depreciation of factory equipment
Question 2659:
The person who has applied for shares in a company is called
- A Allotee
- B Subscriber
- C Promoter
- D Shareholder
- E Applicant
Question 2660:
The total debtors account of a trading concern is N13,000. Out of this 2 percent is irrecoverable; 5 percent of the balance is unlikely to be collected. What is the provision for doubtful debts?
- A N910
- B N650
- C N637
- D N377
- E N260