Which of the following is not an example of capital reserve?
Share premium
Retained profits
Surplus on revaluation of assets
Pre-incorporation profits
Correct answer is D
No explanation has been provided for this answer.
The concept which deals with the exclusion of trivial items in the accounting records is
Constituency
Going concern
Materiality
Money measurement
Correct answer is C
No explanation has been provided for this answer.
A loan capital raised by a company
Money gives to a company as a gift
Accuerd expenses
Share capital
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not a book of original entry?
Cash book
Purchases ledger returns
Returns outwards journal
General journal
Correct answer is B
No explanation has been provided for this answer.
A petty cashier received a float of GHC 84. The imprest is
GHC 204
GHC 120
GHC 84
GHC 36
Correct answer is D
No explanation has been provided for this answer.