Accounts - Principles of Accounts Past Questions and Answers

Purchasers - #44,880
Sales - #85,850
Trade creditors - #12,250
Trade debtors - #24,000
Accrued expenses - # 350
Prepaid expenses - # 700
Stock 1/1/2006 - #25,120
Stock 31/12/2006 - #27,840
Determine the number of times stock was turned over during the period to the nearest figure

Which of the following is a source of revenue to the federation account?

The book into which all types of a ministry's expenditure are recorded is the

The Petroleum Technology Development Fund is under the

The power to appoint the Auditor General of the Federation is vested in the