Post Utme Accounts - Principles of Accounts Past Questions and Answers

Question 31:

Items in the bank statement of a
business but not in the cash book before preparation of bank reconciliation statement
do not include?

A. Bank charges
B. Standing order
C. Presented cheque
D. Interest on overdraft

Question 32:

The correct sequence in data processing is ____

A. Input → process → output
B. Input → output → process
C. Process → input → output
D. Process → output → input

Question 33:

When a sum of money appears on the credit side of the cash book, but not on the debit side of the bank statement, the sum is regarded as ____

A. Uncredited cheques
B. Dishonoured cheques
C. Direct remittance to the bank.
D. Unpresented cheques.

Question 34:

Which of the following is not a data processing method?

A. Manual
B. Mechanical
C. Electronic
D. Formatting

Question 35:

Fatima withdraws goods from the
business for personal use. The accounting treatment is to debit ____

A. Stock account and credit profit and loss account
B. Drawings account and credit stock account
C. Profit and loss account and credit drawings account
D. Stock account and credit drawings account