Post Utme Accounts - Principles of Accounts Questions
Question 201:
The objective of a trading account is to establish the
- A Gross profit
- B Manufacturing profit
- C Cost of goods sold
- D Net profit
Question 202:
Holders of ordinary shares do not have the right to
- A Elect the board of directors
- B Receive dividend at a predetermined rate
- C Vote at annual general meetings
- D Participate in additional issue of shares
Question 203:
Creditors use accounting information for the purpose of
- A Planning sales to a company
- B Investing in a company
- C Controlling a company's affairs
- D Assessing a company's liquidity
Question 204:
Which of the following is not a real account?
- A Buildings account
- B Patents account
- C Motor vehicle account
- D Furniture account
Question 205:
Sales ledger control account contains the total amount in respect of
- A Debtors
- B Investors
- C Creditors
- D Shareholders.