Materials are taken out of government unallocated store by means of
Verbal instruction by the Governor
Stores issue voucher
Stores credit voucher
Store ledger card
Departmental authorisation order
Correct answer is D
No explanation has been provided for this answer.
The Chief accounting officer of the Federation Republic of Nigeria is the
Chief accountant
Minister of finance
Minister of economic planning
Accountant general of the federation
Auditor general of the federation
Correct answer is D
No explanation has been provided for this answer.
Which of the following is found in a receipts and payments account?
accruals
prepayments
sepreciation of fixed assets
purchase of fixed assets
Correct answer is D
No explanation has been provided for this answer.
The assets of business can be classified broadly into
Fixed and floating assets
Fixed and current assets
Intangible and fixed assets
Current and circulating assets
Investment and tangible assets
Correct answer is B
No explanation has been provided for this answer.
One of the advantages of control account is that
All errors are localised tus reducing delays in balancing accounts
All errors are generalized thus reducing delays in balancing accounts
Book keepers cannot make mistakes
All errors are posted into the account
All cash transactions are posted into the accounts
Correct answer is A
No explanation has been provided for this answer.