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Accounts - Principles of Accounts Past Questions

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2661

The manufacturing account is prepared to ascertain

  • A. cost of goods sold
  • B. cost of production
  • C. Gross profit
  • D. Finished goods
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2662

Which of the following is not charged to the manufacturing account?

  • A. Direct expenses
  • B. Factory wages
  • C. Distribution expenses
  • D. Raw materials
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2663

Which of the following cannot depreciate?

  • A. plant and machinery
  • B. motor van
  • C. premises
  • D. land
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2664

An officer that is charged with the responsibility of carrying out investigations on the book of accounts to show the true and fair view is

  • A. Ministry of Finance
  • B. Accountant General
  • C. Revenue office
  • D. Auditor General
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2665

The instrument isued by the Minister who authorized an officer to incure expenditure is a/an

  • A. warrant
  • B. budget
  • C. imprest
  • D. consolidated fund
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