The most convenient cash book used by a petty trader operating in an area where there is no banking facility is?
A. four column B. three column C. single column D. two column Correct Answer: Option C – single column
A source document that aids the ascertainment of amount paid out of current account is the?
A. teller B. cheque stub C. cheque D. teller stub Correct Answer: Option B – cheque stub
Which of the following is an example of intangible assets?
A. trade debtors B. stock of goods C. trade creditors D. motor vehicles Correct Answer: Option A – trade debtors
The main objective of bookkeeping is to record economic?
A. transactions systematically for routine managerial decision-making B. events clearly to ensure adequate checks and balances C. events clearly to facilitate strategic managerial desicion-making D. transaction systematically to ascertain the financial position of a...Products
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