Post Utme Accounts - Principles of Accounts Questions
Question 106:
The correct sequence in data processing is ___________
- A Input \(rightarrow\) process \(rightarrow\) output \(
- B Input \(rightarrow\) output \(rightarrow\) process
- C Process \(rightarrow\) input \(rightarrow\) output
- D Process \(rightarrow\) output \(rightarrow\) input
Question 107:
When a sum of money appears on the credit side of the cash book, but not on the debit side of the bank statement, the sum is regarded as ___________
- A Uncredited cheques
- B Dishonoured cheques
- C Direct remitance to the bank
- D Unpresented cheques
Question 108:
Which of the following is not a data processing method?
- A Manual
- B Mechanical
- C Electronic
- D Formatting
Question 109:
Fatima withdraws goods from the business for personal use. <br/>The accounting treatment is to debit ___________
- A Stock account and credit profit and loss account
- B Drawings account and credit stock account
- C Profit and loss account and credit drawings account
- D Stock account and credit drawings account
Question 110:
Given N Net Profit 25,000, Cost of sales 25,000 , Sales 85,000 , Determine the total expenses ___________
- A N 45,000
- B N 35,000
- C N 25,000
- D N15,000