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Accounts - Principles of Accounts Past Questions

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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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1231
Public sector accounting is practiced in
  • A. public limited companies
  • B. government organization
  • C. profit making organization
  • D. public trainging company
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1232
A book that contains the account for the financial transactions of an organizations is the
  • A. journal
  • B. ledger
  • C. folio
  • D. register
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1233
A sales ledger contains
  • A. creditors' accounts
  • B. nominal accounts
  • C. real acounts
  • D. debtors' accounts
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1234
The basis of accounting which eliminates debtors and creditors is
  • A. cash basis
  • B. accral basis
  • C. fund basis
  • D. commitment basis
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1235
Which of the following is not a revenue account?
  • A. sales
  • B. purchases
  • C. discount received
  • D. interest received
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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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