As evidence of payment to a government treasury, revenue collectors issue
Treasury card
Receipt voucher card
Treasury receipt
Payment voucher
Correct answer is C
No explanation has been provided for this answer.
The depreciation on plant acquired by a manufacturing company is treated as
Prime cost
Administrative expenses
Factory overhead
Selling and distribution expenses
Correct answer is C
No explanation has been provided for this answer.
The authority of the Accountant-General to disburse from government fund is
Provision
Warrant
Vote
Estimate
Correct answer is B
No explanation has been provided for this answer.
Which of the following is found in a Sales Ledger Account?
Credit purchases
Bill payable
Discount received
Discount allowed
Correct answer is D
No explanation has been provided for this answer.
Prepayment is treated in the balance sheet of firm as a
Fixed asset
Long-term liability
Current asset
Current liability
Correct answer is C
No explanation has been provided for this answer.