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Saturday, 11 April 2026
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Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 2671:
The portion of the authorizes capital which has been allotted to members is
  • A Uncalld capital
  • B Paid-up capital
  • C Issued capital
  • D Authorized capital
  • E Unissued capital
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Question 2672:
Which of the following is used before the appropriation bill is approved?
  • A Supplementary general warrant
  • B Provisional general warrant
  • C Reserved expenditure warrant
  • D Virement warrant
  • E Supplementary statutory expenditure warrant
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Question 2673:
Which of the following is used where virement is not possible and where an application for additional provision reveals a degree of urgency?
  • A Reserved expenditure warrant
  • B Provisional general warrant
  • C Contigncie warrant
  • D Supplementary general warrant
  • E Virement warrant
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Question 2674:
A document which acknowledges that a company owes a named person a stated sum of money with the promise that a stated interest rate will be paid periodically is called
  • A Share certificate
  • B Preference certificate
  • C Debenture certificcate
  • D Allotment certificate
  • E Call certificate
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Question 2675:
Which of the following is not a debit entry in the Bought Ledger?
  • A Cash
  • B Discount received
  • C Purchases
  • D Returns outeards
  • E Bills payable
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