Accounts - Principles of Accounts Past Questions and Answers

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	??
	78650		78650

What is the value of Dalandi Bako's capital?

The accounting system in which only one aspect of transaction is recorded is ____________

Which of the following is used in the public sector to monitor or control government expenditure?

Profit expressed in relation to cost of goods sold is ____________

The document issued by a revenue collector as evidence of payment to a government ministry is a ____________