Search SchoolNGR

Saturday, 11 April 2026
Register . Login

Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 2666:
Which of the following does not appear in a bank statement?
  • A Dividend received received on behalf of customers
  • B Bank charges
  • C Insurance premium paid on behalf of customers
  • D Dishonoured chques
  • E Uncredied charges
View Answer & Explanation
Question 2667:
Impersonal Accounts contain
  • A Real and cash accounts
  • B Capital and nominal accounts
  • C Real and normal accounts
  • D Investment and real accounts
  • E Interest received and real account
View Answer & Explanation
Question 2668:
Which of the following is a charge against profit?
  • A Ordinary dividend
  • B General reserve
  • C Preference dividend
  • D Debenture interest
  • E Revenue reserve
View Answer & Explanation
Question 2669:
The cash realized from the sale of asset on dissolution of partnership is
  • A Debited to cash account and credit to asset account
  • B Credited to cash account and debited to asset account
  • C Debited to cash account and credited realisation account and credited to realisation account
  • D Credited to cash account and debited to realisation account
  • E Debited to realisation account abnd credited to asset account
View Answer & Explanation
Question 2670:
Which of the following does not belong to the group?
  • A Furniture and fittings
  • B Plant and machinery
  • C Building
  • D Debtors
  • E General reserve
View Answer & Explanation