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Accounts - Principles of Accounts Past Questions

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2696

A quality of accounting information is that it should be
 

  • A. profitable
  • B. verifiable
  • C. appreciable
  • D. depreciable
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2697

When the letter "C" is written in front of an entry in the folio column of a cash book, it shows a 

  • A. double entry
  • B. cash entry
  • C. contra entry
  • D. journal entry
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2698

To show the evidence of payment to a government ministry, the revenue collector issues a 

  • A.  receipt voucher
  • B. payment voucher
  • C. treasury receipt
  • D. treasury card
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2699

The primary concern of shareholders in a business is the 

  • A. ascertainment of taxable profit
  • B. dividend payable
  • C. ability to pay interest
  • D. welfare of employees
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2700

ln a not-for-profit organization, the accumulated fund is

  • A. current assets plus fixed assets less total liabilities
  • B. long-term liabilities plus current liabilities
  • C. fixed assets plus current assets plus long-term liabilities
  • D. fixed assets less long-term liabilities less current liabilities
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