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Accounts - Principles of Accounts Past Questions

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926

the process of detecting, tracing and eliminating errors in a computer program is

  • A. reproduction
  • B. debugging
  • C. sorting
  • D. retrieving
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927

The process of detecting, tracing and eliminating errors in a computer program is

  • A. reproduction
  • B. debugging
  • C. sorting
  • D. retrieving
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928

When the going concern concept is no longer applicable, the fixed assets are recorded at their

  • A. net book value
  • B. realizable value
  • C. gross value
  • D. revalued amount
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929

In a non-for-profit making organization, the cash book is referred to as

  • A. income and expenditure acount
  • B. receipts and payments account
  • C. two column cashbook
  • D. petty cash bok
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930

Which of the following relates to the essence of partnership? To

  • A. run a charity organization
  • B. pursue a social objective
  • C. form a business for profit
  • D. run a religious objective
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