One of the objective of maintaining the account of a branch at the head office is to
To access the performance of the branches
Check the excesses of customers
Record charges in shareholdings
Record charges in liabilities
Correct answer is A
Branch account enables control to be exercised by management over the affairs of the branch.
The instrument isued by the Minister who authorized an officer to incure expenditure is a/an
Warrant
Budget
Impurest
Consolidated fund
Correct answer is A
Warrant is the only authority through which money is expended in government.
Ministry of Finance
Accountant General
Revenue office
Auditor General
Correct answer is D
The Auditor General ensures that all money collected is properly accounted for and that the records comply with the rules and regulations.
Which of the following cannot depreciate?
Plant and machinery
motor van
Premises
Land
Correct answer is D
Land is permanent. It does not wear and tear. Rather it appreciates in value over time.
Which of the following is not charged to the manufacturing account?
Direct expenses
Factory wages
Distribution expenses
Raw materials
Correct answer is C
No explanation has been provided for this answer.