Post Utme Accounts - Principles of Accounts Questions
Question 31:
Items in the bank statement of a business but not in the cash book before preparation of bank reconciliation statement do not include?
- A Bank charges
- B Standing order
- C Presented cheque
- D Interest on overdraft
Question 32:
The correct sequence in data processing is ____
- A Input → process → output
- B Input → output → process
- C Process → input → output
- D Process → output → input
Question 33:
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 remittance to the bank.
- D Unpresented cheques.
Question 34:
Which of the following is not a data processing method?
- A Manual
- B Mechanical
- C Electronic
- D Formatting
Question 35:
Fatima withdraws goods from the business for personal use. 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