The imprest account is subsidiary to the
Ledger account
Bank account
Cash book
Bank column
Correct answer is B
No explanation has been provided for this answer.
The receipt whose name appears on a cheque is called a
Payer
Drawer
Drawee
Payee
Correct answer is D
No explanation has been provided for this answer.
A debit in the suspense accounting will appear in the balance sheet as?
A current asset
A current liability
Capital
Drawings
Correct answer is A
No explanation has been provided for this answer.
The rule of accounting equation requires that account payable should be placed under?
Liabilities
Equities
Assets
Capital
Correct answer is A
No explanation has been provided for this answer.
A source document is used for verifying the?
Amount due to creditors
Actual cost of an asset
Selling price of goods
Amount due from debtors
Correct answer is C
No explanation has been provided for this answer.