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Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Past Questions


Question 3201:


Current assets are shown in the balance sheet in order of performance as ____________

A. Debtors, stock, bank and cash
B. Stock, debtors, bank and cash
C. Stock, bank, debtors and cash
D. Debtors, stock, cash and bank


Question 3202:


Which of the following is found on the credit side of a profit and loss account?

A. Advertising
B. Dividend received
C. Wages and salaries
D. Bank charges






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