Accounts - Principles of Accounts Past Questions and Answers

An amount set aside to meet expenses whose value is not certain is a

A reserve is an amount

Use the following information to answer the question below<br/>Nzemaman Local Government incurred the following expenditure in the year 2015. <br/>Construction of market stalls 120,000<br/>Staff salaries------------------- 40,000<br/>Purchase of stationery--------- - 9,000<br/>Sinking of boreholes------------<br/>Building of classrooms<br/>Maintenance of vehicles <br/>Purchase of equipment<br/>Capital expenditure for the local government is

Use the following information to answer the question below<br/>Nzemaman Local Government incurred the following expenditure in the year 2015. <br/>Construction of market stalls 120,000<br/>Staff salaries------------------- 40,000<br/>Purchase of stationery--------- - 9,000<br/>Sinking of boreholes------------<br/>Building of classrooms<br/>Maintenance of vehicles <br/>Purchase of equipment <br/>Recurrent expenditure for the year is

Which of the following is not a method of charging goods to the branch by its head office?