A. principle B. omission C. reversal of entries D. original entries Correct Answer: Option A A. principle
A. reversal of entries B. principle C. commission D. compensation Correct Answer: Option B C. commission
A. purchases ledger B. sales account C. purchases account D. sales ledger Correct Answer: Option A A. purchases ledger
A. Nominal ledger B. general ledger C. sales ledger D. purchases account Correct Answer: Option B B. general ledger
A. of ordinary entry B. containing the ledgers C. found in the journal D. containing the balance sheet Correct Answer:…
A. acid test ratio B. debtor to equity ratio C. net profit margin ratio D. gross profit margin ratio Correct…
A. overdraft B. cash in hand C. reserves D. preliminary expenses Correct Answer: Option D D. preliminary expenses
A. Motor Van Disposal account B. Bank Account C. Debtors Account D. Rent and Rates Account Correct Answer: Option C…
A. record sales B. agree the trial balance C. record purchases D. prepare the balance sheet Correct Answer: Option B…
A. current liability B. intangible assets C. fictitious asset D. current asset Correct Answer: Option D D. current asset