A. carriage inwards B. carriage outwards C. discounts allowed D. discounts received Correct Answer: Option D D. discounts received Explanation…
A. petty cashier pays all expenses B. petty cashier pays money to the accountant C. petty cashier regularly begins each…
A. purchase ledger B. general ledger C. nominal ledger D. sales ledger Correct Answer: Option A A. purchase ledger Explanation…
A. debt note B. credit note C. invoice D. receipt Correct Answer: Option C C. invoice Explanation An invoice, bill…
A. Quality of input data B. Time of processing C. Speed of processing D. Quantity of output service Correct Answer:…
A. Excel B. Word C. Internet D. Windows Correct Answer: Option A A. Excel Explanation A spreadsheet is a sheet…
A. Interest on capital B. Interest on drawings C. Share of profit D. Drawings Correct Answer: Option B B. Interest…
A. Accruals and prepayments are considered B. Debtors and creditors are recorded C. Fixed assets are written off in the…
A. Reserve expenditure warrant B. Supplementary general warrant C. Provisional general warrant D. Supplementary statutory warrant Correct Answer: Option B…
A. Personal income tax B. Company registration fees C. Royalties D. Market tolls Correct Answer: Option D D. Market tolls…