A. Fixed deposit B. Mortgage C. Bond D. Debenture Correct Answer: Option B B. Mortgage Explanation Some common uses of…
A. Liquid assets B. Fixed assets C. Intangible assets D. Tangible assets Correct Answer: Option A Explanation Liquid assets are…
A. Bonus B. Goodwill C. Net profit D. Premium Correct Answer: Option B B. Goodwill Explanation When buying or selling…
A. Discount received B. Electricity C. Carriage inwards D. Carriage outwards Correct Answer: Option D D. Carriage outwards Explanation The…
A. Debited to discounts received account B. Credited to discounts received account C. Debited to discounts allowed account D. Credited…
A. Budgeting B. Allocation C. Virement D. Vote Correct Answer: Option C C. Virement Explanation virement is the transfer of…
A. Excise duties B. Market dues C. Import duties D. Loans and grants Correct Answer: Option B B. Market dues…
A. Branch stock adjustment account B. Goods sent to branch account C. Branch stock account D. Branch profit and loss…
A. Head office transactions with the branch B. Branch transactions with the head office C. Goods sent to branch at…
A. Branch stock account; credit branch debtors account B. Branch debtors account; credit branch stock account C. Branch debtors account;…