The primary concern of shareholders in a business is the?
A. ascertainment of taxable profit B. dividend payable C. ability to pay interest D. welfare of employees Correct Answer: Option B – dividend payable
To show the evidence of payment to a government ministry; the revenue collector issues a?
A. receipt voucher B. payment voucher C. treasury receipt D. treasury card Correct Answer: Option B – payment voucher
When the letter “C” is written in front of an entry in the folio column of a cash book; it shows a
A. double entry B. cash entry C. contra entry D. journal entry Correct Answer: Option C – contra entry
A quality of accounting information is that it should be?
A. profitable B. verifiable C. appreciable D. depreciable Correct Answer: Option B – verifiable
Kadiri paid his debt to Suleman by cheque. The accounting entries in Kadiri s books are: debit
A. Bank Account; credit Suleman’s Account B. Bank Account, credit Debtors Account C. Suleman’s Account; credit Bank Account D. Suleman’s Account; credit Cash Account Correct Answer: Option C – Suleman’s Account; credit Bank...Products
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