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Accounts - Principles of Accounts Past Questions

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3356

Use the following information to answer this  question.
Ade bought goods worth le 30,000 from Ode and was given a 7.5% discount.  

The amount paid for the goods is 

  • A. Le 32,250.
  • B. Le 30,000.
  • C. Le 27,750.
  • D. Le 2,250.
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3357

The proportion of the issued capital to be paid later is 

  • A. called-up capital.
  • B. authorized capital.
  • C. uncalled-up capital.
  • D. paid-up capital.
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3358

One of the columns in a single column cash book is 

  • A. bank.
  • B. discount allowed.
  • C. discount received.
  • D. particulars. 
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3359

Use the following information to answer this question.  
                                                                         D  
Purchases of motor van                              370,000  
Building of laboratories                               760,000  
Purchase of drugs                                       110,000  
Electricity                                                       26,000  
Repair of equipment                                      10,000

The amount of recurrent expenditure is

  • A. D 146,000.
  • B. D 136,000.
  • C. D 120,000.
  • D. D 110,000.
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3360

Use the following information to answer this question.  
                                                                         D  
Purchases of motor van                              370,000  
Building of laboratories                              760,000  
Purchase of drugs                                       110,000  
Electricity                                                      26,000  
Repair of equipment                                     10,000

The capital expenditure is 

  • A. D 1.140,000.
  • B. D 1,130,000
  • C. D 870,000.
  • D. D 760,000.
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