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Accounts - Principles of Accounts Past Questions

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2796

Customers use the financial position of a company to

  • A. assess the financial position of the business
  • B. regulate their activities
  • C. ascertain the taxable profit of the business
  • D. be sure of the extent of job security
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2797

The claim on the assets of a business by outsiders is  

  • A. capital
  • B. liabilities
  • C. reserves
  • D. provisions
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2798

A document sent by a bank to its current account customers detailing their transactions over a given period is

  • A. bank reconciliation statement
  • B. bank statement
  • C. credit transfer
  • D. banker's advice
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2799

Which of the following items will not be entered in the adjusted cash book? 

  • A. Dishonoured cheques
  • B. Direct payments to bank
  • C. Uncredited cheques
  • D. standing order payments
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2800

If a petty cashier has a cash float of Le 39,000 and Le 37,500 is spent, he will be reimbursed with 

  • A. Le 40,500
  • B. Le 39,000
  • C. Le 37,500
  • D. Le 1,500
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