Accounts - Principles of Accounts Questions
Question 2716:
An analytical cash book is used to ____
- A Indicate sources of cash received
- B Categorise petty cash payment
- C Separate cash and bank balance
- D Analyse amounts due from debtors
Question 2717:
The sum of money given to a petty cashier out of which small payments are made is called ___
- A Bonus
- B Loan
- C Advance
- D Float
Question 2718:
A rent of 250,000 naira was paid by John to his landlord by cheque. The double entry in John’s books is ____
- A Debit Rent account, credit Bank account
- B Debit Rent account, credit John’s account
- C Debit Bank account, credit Rent account
- D Debit John's account, credit Rent account
Question 2719:
Items in the bank statement of a business but not in the cash book before preparation of bank reconciliation statement do not include?
- A Bank charges
- B Standing order
- C Presented cheque
- D Interest on overdraft
Question 2720:
The correct sequence in data processing is ____
- A Input → process → output
- B Input → output → process
- C Process → input → output
- D Process → output → input