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Accounts - Principles of Accounts Past Questions

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1116
Use the following information to answer the given question
\(\begin{array}{c|c} & Dr & Dr & \text{Balance}\\ \hline & ₦ & ₦ & ₦ \\ \text{2/1/06 Balance b/d} & & & 2,000 \\ \text{3/1/06 '23456'} & 500 & & 1,500\\ \text{4/1/06 Deposit} & & 1,000 & 2,500\\ \text{5/1/06 Deposit} & & 1500 & 4,000\\ \text{6/1/06 '23457'} & 3,000 & & 1,000\end{array}\)
Total withdrawal is
  • A. ₦3,500
  • B. ₦2,500
  • C. ₦2,000
  • D. ₦1,000
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1117
The depreciation on plant acquired by a manufacturing company is treated as
  • A. prime cost
  • B. administrative expenses
  • C. factory overhead
  • D. selling and distribution expenses
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1118
As evidence of payment to a government treasury, revenue collectors issue
  • A. treasury card
  • B. receipt voucher card
  • C. treasury receipt
  • D. payment voucher
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1119
Hardware in data processing refers to
  • A. programs runs on the computer
  • B. entry and storage of information on computer
  • C. microsoft disc operating system
  • D. mechanical components of the computer
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1120
Which of the following is a self-balancing account?
  • A. capital
  • B. interst on capital
  • C. drawings
  • D. share of profit
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