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Accounts - Principles of Accounts Past Questions

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3151

Danladi Bako's Statement of Affairs as at 30/06/17
 

   

Capital ?? Fixtures and fittings 4,000
    Stock 20,500
    Sundry debtors 40,000

Creditors

18,000 Bank ??
  78650   78650

What is the value of Dalandi Bako's capital?

  • A. ₦60,150
  • B. ₦78,650
  • C. ₦50,160
  • D. ₦60,650
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3152

The accounting system in which only one aspect of transaction is recorded is

  • A. single entry
  • B. single column cash book
  • C. original entry
  • D. double entry
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3153

Which of the following is used in the public sector to monitor or control government expenditure?

  • A. sales day book
  • B. cash book
  • C. cheque
  • D. vote book
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3154

Profit expressed in relation to cost of goods sold is

  • A. turnover
  • B. cost price
  • C. margin
  • D. mark -up
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3155

The document issued by a revenue collector as evidence of payment to a government ministry is a

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