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Accounts - Principles of Accounts Past Questions

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3416

Which of the following describe trial balance?

  • A. It is a special account
  • B. It reveals the financial position of a business
  • C. It is a list of accounting balances on the books
  • D. It shows all the entries in the books
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3417

In bank reconciliation, when a cash book shows a credit balance, uncredited cheques are:
I. deducted from the cash book balance
II. added to the bank statement balance
III. added to the cash book balance

  • A. I and II only
  • B. III only
  • C. II and III only
  • D. I, II, and III
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3418

Which of the following is a spreadsheet application?

  • A. Excel
  • B. Internet
  • C. Windows
  • D. Word
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3419

Into how many major types can general-purpose computers be classified?

  • A. four
  • B. six
  • C. five
  • D. three
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3420

Cash receipts and payments involving discounts are entered in

  • A. two-column cash book
  • B. analytical cash book
  • C. three-column cash book
  • D. petty cash book
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