Accounts - Principles of Accounts Past QuestionsQuestion 81:A government accounting systems must make sure that A. Revenue exceeds expenditure B. All applicable legal provisions are complied with C. Capital expenditure is equal to revenue D. Capital project fund is tied to recurrent expenditure Question 82:Equity shareholders' fund is A. N133 000 B. N 120 000 C. N113 000 D. N 100 000 Question 83:If a 10% dividend is approved, what is the dividend payable to ordinary shareholders? A. N 13 000 B. N 11 300 C. N 10 000 D. N 8 000 Question 84:A charitable club has the following figures: N Subscriptions received in 1991 2 800 Subscriptions unpaid in 1990 300 Subscriptions paid for 1992 150 Subscriptions due 1991 180 How much should be charged to the income and expenditure of this club as subscription for 1991? A. N 2 530 B. N 2 680 C. N 2 830 D. N 2 980 Question 85:Accumulated depreciation on the asset as at 31/12/81 was A. N 2 487 500 .00 B. N 2 736 250 . 00 C. N 4 511 192.00 D. N 4 975 000 .00 |
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