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Accounts - Principles of Accounts Past Questions

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3451

One of the components of factory overhead is

  • A. raw materials consumed
  • B. depreciation of plant and machinery
  • C. manufacturing wages
  • D. carriage inwards
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3452

Which of the following is a primary source of entry into the debtors ledger?

  • A. Sales invoices
  • B. Suppliers invoices
  • C. Payment vouchers
  • D. Returns outward notes
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3453

Resources owned and controlled by a business are classified as

  • A. capital
  • B. liabilities
  • C. drawings
  • D. assets
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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3454

Which of the following is used before the appropriation bill is approved?

  • A. reserved expenditure warrant
  • B. virement warrant
  • C. supplementary general warrant
  • D. provisional general warrant
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