Post Utme Accounts - Principles of Accounts Questions
Question 116:
The test of arithmetical accuracy of all postings in the ledger is provided in the ____________
- A Journal
- B Day book
- C Cash book
- D Trial balance
Question 117:
Errors revealed by the irial balance include error of ____________
- A Principle
- B Single
- C Omission
- D Commission
Question 118:
Accounting equation is given by ____________
- A Assets - Liabilities + Owners' Equity
- B Assets = Liabilities - Owners equity
- C Assets + Owners equity = Liabilities
- D Assets = Liabilities + Owners' equity
Question 120:
Final accounts of a company refers to ____________
- A Trading and profit and loss account
- B Profit and loss account and balance sheet
- C Trading account and balance sheet
- D Trading. profit and loss account and balance sheet