Post Utme Accounts - Principles of Accounts Questions
Question 196:
Public sector accounting is practiced in
- A Government organizations
- B Public limited companies
- C Profit making organizations
- D Public trading companies
Question 197:
Adama's bank account showed an overdraft of #600 on 31st March. On going through the account, it was discovered that the #1,080 paid into the account on 29th March had not been credited. What should be the balance in Adama's cash account?
- A #1,680 Dr.
- B #480 Cr.
- C #600 Dr.
- D #1,080 Cr.
Question 198:
The factory cost of goods produced is made up of
- A Prime cost and factory overhead
- B Raw materials consumed and fixed cost
- C Raw materials and administrative overhead.
- D Prime cost and office overhead
Question 199:
The effect of payment of a liability is that it
- A Increases both assets and liabilities
- B Increases assets and decreases liabilities
- C Decreases both assets and liabilities.
- D Decreases assets and increases liabilities
Question 200:
A factory cost excluding prime cost is
- A Administration cost
- B Fixed cost
- C Material cost
- D Overhead