Jamb Accounts - Principles of Accounts Questions
Question 983:
An expenses is said to be revenue in nature if it
- A Adds or contributes to the operating income of the business
- B Necessitates the introduction of additional capital
- C Reduces the capital of the business
- D Adds to or improves the value of fixed assets
Question 984:
An expenses is said to be revenue in nature if it
- A Adds or contributes to the operating income of the business
- B Necessitates the introduction of additional capital
- C Reduces the capital of the business
- D Adds to or improves the value of fixed assets
Question 985:
An entry in a subsidiary book which does not form part of the double entry system is a
- A Contra entry
- B Single entry
- C Journal entry
- D Memorandum entry