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Accounts - Principles of Accounts Past Questions

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3176

Factory overheads are also known as

  • A. direct manufacturing
  • B. direct expenses
  • C. indirect cost
  • D. direct labour
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3177

Which of the following has the ultimate control of a company?

  • A. board of directors
  • B. employees
  • C. shareholders
  • D. management
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3178

Use the following information to answer the question

The health department of Banjul Local Government incurred the following expenditure in 2020:
 

   Le

 Construction of hospital wards

200,000

 Purchase of hospital beds

20,000

 Purchase of stationeries

15,000

 Salaries and wages

60,000

 Purchase of drugs

50,000

 Purchase of x-ray machine

100,000



The capital expenditure for the year is

  • A. Le 125,000
  • B. Le 320,000
  • C. Le 370,000
  • D. Le 455,000
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3179

Use the following information to answer the question

The health department of Banjul Local Government incurred the following expenditure in 2020:
 

   Le

 Construction of hospital wards

200,000
 Purchase of hospital beds 20,000
 Purchase of stationeries 15,000
 Salaries and wages 60,000
 Purchase of drugs 50,000
 Purchase of x-ray machine 100,000


The recurrent expenditure for the year is

  • A. Le 370,000
  • B. Le 125,000
  • C. Le 320,000
  • D. Le 445,000
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3180

Memoradum branch account is prepared to determine

  • A. gross profit
  • B. credit sales
  • C. closing stock
  • D. opening stock
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