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Accounts - Principles of Accounts Past Questions

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876

The accounting ratio used to measure the average number of days for which suppliers remain unpaid is

  • A. stock turnover
  • B. creditor's payment period
  • C. debtors collection period
  • D. return on capital employed
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877

When the purchase consideration exceeds the value of business, the difference is

  • A. profit
  • B. discount
  • C. goodwill
  • D. reserve
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878
The primary classification of government expenditure is based on
  • A. programs
  • B. fund
  • C. activity
  • D. project
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879

An example of input devices of a computer is

  • A. an optical character reader
  • B. a graph plotter
  • C. a visual display unit
  • D. a printer
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880

The accounting concept which states that expenditure involving insignificant amounts should be regarded as expenses and not assets is

  • A. business entity
  • B. materiality
  • C. dual aspect
  • D. realization
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts