Accounting

The document which authorizes the Minister of Finance to release fund for government expenditure is?

A. a warrant B. a bank cheque C. an order D. a vote book Correct Answer: Option A A. a…

6 years ago

A reserve is an amount?

A. to be paid to creditors B. set out of profit for future use C. for paying dividends D. recovered…

6 years ago

Which of the following is used in locating errors in the ledger?

A. trading account B. trial balance C. control account D. journal proper Correct Answer: Option C C. control account

6 years ago

The capital of not-for profit making organization is?

A. capital reserve fund B. accumulated fund C. endowment fund D. development fund Correct Answer: Option B B. accumulated fund

6 years ago

Net sales is?

Use the following information to answer the given question #  Sales 14,600 Purchases 5,500 Return inward 150 Rent 2,000 Salaries…

6 years ago

Net profit is?

Use the following information to answer the given question #  Sales 14,600 Purchases 5,500 Return inward 150 Rent 2,000 Salaries…

6 years ago

Gross profit is?

Use the following information to answer the given question #  Sales 14,600 Purchases 5,500 Return inward 150 Rent 2,000 Salaries…

6 years ago

The cost of goods sold is?

Use the following information to answer the given question #  Sales 14,600 Purchases 5,500 Return inward 150 Rent 2,000 Salaries…

6 years ago

A list of all credit and debit balances from the ledger accounts is?

A. trial balance B. profit and loss statement C. statement of affairs D. balance sheet Correct Answer: Option A A.…

6 years ago

Which of the following accounts has a debit balance?

A. capital reserve B. revenue reserve C. share premium D. share discount Correct Answer: Option D D. share discount

6 years ago