Which of the following is not a revenue account?
Sales
Purchases
Discount received
Interest received
Correct answer is B
No explanation has been provided for this answer.
The basis of accounting which eliminates debtors and creditors is
cash basis
accral basis
fund basis
commitment basis
Correct answer is A
No explanation has been provided for this answer.
Creditors' accounts
Nominal accounts
Real acounts
Debtors' accounts
Correct answer is D
No explanation has been provided for this answer.
A book that contains the account for the financial transactions of an organizations is the
Journal
Ledger
Folio
Register
Correct answer is B
No explanation has been provided for this answer.
Public sector accounting is practiced in
Public limited companies
Government organization
Profit making organization
Public trainging company
Correct answer is B
No explanation has been provided for this answer.