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Accounts - Principles of Accounts Past Questions

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3291

The permanent memory of a computer is the
 

  • A. ROM
  • B. RAM
  • C. ALU
  • D. CPU
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3292

The coming together of two sole trading businesses to form a partnership is

  • A. combination
  • B. acquisition
  • C. amalgamation
  • D. association
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3293

Ordinary shares are also known as

  • A. equity
  • B. net worth
  • C. loan
  • D. reserve
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3294

Which of the following is a function of the operating system of a computer?

  • A. controls the input and output peripherals
  • B. used to enter data
  • C. has magnetic surface for storage
  • D. used to display data
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3295

The value of assets on dissolution of partnership is debited to realization account and credited to ___ account

  • A. bank
  • B. asset
  • C. dissolution
  • D. cash
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts