A. a premium B. a loss C. a discount D. par Correct Answer: Option C C. a discount
A. profit and loss account balance B. share premium C. gross profit D. share discount Correct Answer: Option B B.…
A. net profit margin B. quick asset ratio C. turnover D. creditors ratio Correct Answer: Option B B. quick asset…
A. stock, debtors, prepayments and cash B. cash, payments, debtors and stock C. stock, cash, debtors and payments D. debtors,…
A. contra entry B. reversal entry C. double entry D. single entry Correct Answer: Option A A. contra entry
A. purchases journal B. principal journal C. sales journal D. returns inward journal Correct Answer: Option B B. principal journal
A. overhead B. prime cost C. total cost D. conversion cost Correct Answer: Option B B. prime cost
A. profits increase capital B. losses reduce capital C. drawings reduce capital D. drawings increase capital Correct Answer: Option D…
A. substance over form B. prudence C. objectively D. materiality Correct Answer: Option D D. materiality
A. periodicity B. accuracy C. consistency D. objectively Correct Answer: Option B B. accuracy