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Accounts - Principles of Accounts Past Questions

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911
Cash receipts and payments involving discounts are entered in
  • A. three-column cash book
  • B. two-column cash book
  • C. analytical cash book
  • D. petty cash book
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912

The minimum number of persons required to form a partnership business is

  • A. 2
  • B. 3
  • C. 5
  • D. 10
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913

Which of the following accounts has credit balance?

  • A. return inwards account
  • B. machinery account
  • C. sales account
  • D. cash account
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914

The accounting principle that states that, In the preparation of account statements, revenues are recognized as soon as goods is passed on to the customer is the

  • A. materiality conccept
  • B. matching concept
  • C. constitiency concept
  • D. realization concept
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915

Agreement between partners is contained in the partnership

  • A. act
  • B. deeds
  • C. accord
  • D. deal
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent