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Accounts - Principles of Accounts Past Questions

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916

a low current ratio in business indicates that the business is

  • A. long term loan repayment problem
  • B. efficient in the utilization of its resources
  • C. unable to pay its bills on time
  • D. growing its net assets effectively
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917

Which of following is a recurrent expenditure in public sector accounting?

  • A. purchase of vehicles
  • B. purchase of drugs
  • C. construction of bore holes
  • D. construction of buildings
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918

In departmental accounts, administrative expenses are recorded in the

  • A. trading account
  • B. balance sheets
  • C. profit and loss account
  • D. profit and loss appropriation account
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919

The public account committee is an organ of

  • A. military regime
  • B. parliament regime
  • C. precidency
  • D. councilors
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920
Use the following information to answer the given question
\(\begin{array}{c|c} & Le \\ \hline \\ \text{Fines} & 20,000\\ \text{Market rates} & 120,000\\ \text{Salaries} & 60,000\\ \text{Maintenance of vehicles} & 49,000 \\ \text{Park collections} & 100,000\end{array}\)
The balance at the end of the period is
  • A. Le 270,000
  • B. Le 139, 000
  • C. Le 131,000
  • D. Le 120,000
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