Accounts - Principles of Accounts Past Questions

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1171

Which of the following is a storage device?

A. diskette
B. key board
C. printer
D. monitor

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1172

Trade creditors personal accounts are found in the

A. purchases ledger
B. sales ledger
C. general ledger
D. sales day book

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1173

Which of the following is a norminal account?

A. bank account
B. cash account
C. sales account
D. stock account

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1174

Which of the following is not an instrument for controlling public expenditure?

A. constitution
B. financial regulation
C. budget
D. memorandum

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1175

Use the following to answer the given question
\(\begin{array}{c|c} & ₦\\ \hline \text{Opening debtors} & 40,000\\ \text{Opening creditors} & 30,000 \\ \text{Credit sales} & 100,000\\ \text{Credit purchases} & 80,000 \\ \text{Bad debts}& 5,500\\ \text{Set-offs} & 65,500\end{array}\)
Closing debtors figure is

A. ₦140,000
B. ₦134,500
C. ₦80,000
D. ₦69,000

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