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Accounts - Principles of Accounts Past Questions

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1486
Which of the following explains the short term solvency of a company?
  • A. acid test ratio
  • B. debtor to equity ratio
  • C. net profit margin ratio
  • D. gross profit margin ratio
View Answer & Discuss WAEC 2001
1487
Which of the following is a fictitious asset?
  • A. overdraftt
  • B. cash in hand
  • C. reserves
  • D. preliminary expenses
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1488
A subsidiary record is a book
  • A. of ordinary entry
  • B. containing the ledgers
  • C. found in the journal
  • D. containing the balance sheet
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1489
In which ledger is the control account prepared?
  • A. Nominal ledger
  • B. general ledger
  • C. sales ledger
  • D. purchases account
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1490
Suppliers personal accounts are found in the
  • A. purchases ledger
  • B. sales account
  • C. purchases account
  • D. sales ledger
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