A. drawings B. interest C. salaries D. bad debts Correct Answer: Option A A. drawings
A. fines B. licenses C. personal income tax D. tenement rates Correct Answer: Option C C. personal income tax
A. trading account B. manufacturing account C. profit and loss account D. balance sheet Correct Answer: Option C C. profit…
A. interest B. commission C. dividend D. salary Correct Answer: Option B B. commission
A. names of directors B. appointment of directors C. object of the business D. payment of dividend Correct Answer: Option…
A. bank account; credit asset disposal account B. asset disposal account; credit bank account C. provision for depreciation account; credit…
A. arithmetical and logical unit B. memory unit C. input unit D. control unit Correct Answer: Option C C. input…
A. check on errors of addition B. locate errors C. locate missing figures D. monitor the cash book Correct Answer:…
A. share capital account B. goodwill account C. capital reserved account D. general reverse account Correct Answer: Option C C.…
A. wrong addition in the sales account B. crediting a purchase to the sales account C. failure to enter sales…