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Accounts - Principles of Accounts Past Questions

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3236

The amount by which assets exceeds liabilities is

  • A. capital
  • B. premium
  • C. bonus
  • D. provision
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3237

Goods bought on credit are first entered in the

  • A. cash book
  • B. journal proper
  • C. sales day book
  • D. purchases day book
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3238

An example of fictitious assets is

  • A. stock
  • B. overdraft
  • C. goodwill
  • D. profit
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3239

A public limited liability company can get additional fund through the issue of

  • A. cheque
  • B. accumulated fund
  • C. consolidated fund
  • D. debenture
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3240

The short term solvency of a company is determined with ___ ratio

  • A. debtors to equity
  • B. current
  • C. acid test
  • D. gross profit margin
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