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(i) A credit balance of sh. 20,000 on the cash column of the cash book would mean that
(ii) Sales invoices are first entered in the
(iii) An authority letter issued by the Accounting Officer or his deputy covering the authority for specific expenditure is called
(iv) Which of the following are the examples of revenue expenditure?
(v) Which of the following is treated as current assets in the preparation of statement of financial position?
(vi) In the trial balance the balance on the provision for depreciation account is
(vii) When the financial statements are prepared, the bad debts account is closed by being transferred to
(viii) At the beginning of accounting year Y. club has Tsh. 14,000 as non-current assets, Tsh. 5,000 as current assets and Tsh. 5,000 liabilities. What would be its opening accumulated fund?
(ix) A cheque which is not accepted for payment by the bank due to insufficient fund in the drawer’s bank account is referred to as
(x) What is the effect of Tsh. 50,000 being added to purchases instead of being added to a non-current asset?
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