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Accounts - Principles of Accounts Past Questions

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606

The book value per share is obtained by dividing?

  • A. shareholders equity by outstanding shares
  • B. total assets by outstanding shares
  • C. gross profit by outstanding shares
  • D. net profit by outstanding shares
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607

Expenditure incurred on consumables and goods for resale is?

  • A. revenue expenditure
  • B. capital expenditure
  • C. sunk cost
  • D. miscellanous expenses
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608

Replacement and renewal of fixed assets are?

  • A. revenue receipt
  • B. capital receipt
  • C. capital expenditure
  • D. revenue expenditure
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609

Which of the following is credited to the consolidated revenue fund?

  • A. Recurrent expenditure
  • B. Capital expenditure
  • C. Transfer to revenue fund
  • D. International revenue
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610

One of the reasons for the existence of the public sector is to?

  • A. Take adequate care of the needy
  • B. supplement the commercial sector
  • C. provide cheap services to all citizens
  • D. correct perceived inequalities
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