43
The source documents include?
- A. cash book
- B. petty cash book
- C. general ledger
- D. credit notes
44
Th major feature of an invoice is that, it?
- A. passes information through the sales day book
- B. has cash and bank column
- C. specifies the particular of goods bought
- D. indicates only the cash sales
45
The account which refers to the tangible assets of a company that is of permanent nature is the?
- A. personal account
- B. real account
- C. nominal account
- D. cash account
46
If stationery bought for N200 has been entered as N2000. To correct this error?
- A. debit stationery with N2,200
- B. credit stationery with N1,800
- C. debit stationery with N1,800
- D. credit stationery with N2,200
47
If salary account is debited instead of stationary account, the error committed is that of?
- A. commission
- B. omission
- C. principle
- D. compensation
48
Ledger account is mainly classified into?
- A. nominal, real and personal accounts
- B. fixed and current accounts
- C. management, financial and public sector accounting
- D. bank and cash accounts
49
The major function of accounting bodies in Nigeria is to?
- A. provide proper financial management of businesses
- B. provide good remuneration to the members
- C. promote the ethics of the profession
- D. show the dynamic nature of the profession