Accounts - Principles of Accounts Past Questions and Answers

Which of the following is not charged to manufacturing account?

The authority to transfer fund from one head to another within the same organization is called ____________

Another name for control accounts is ____________

Which of the following concepts recognizes the principle of double entry?

Danladi Bako's Statement of Affairs as at 30/06/17

	₦		₦
Capital	??	Fixtures and fittings	4,000
		Stock	20,500
		Sundry debtors	40,000
Creditors	18,000	Bank	??
	78,650		78,650

What is his bank balance as at 30/06/17?