Ecz Principles of Accounts gce grade 12 2016 paper 1
1) The job opportunities available for a person who studied accounts are … .
A Cashier, Accountant, Office Orderly.
B Mechanic. Financial Controller, Bank Teller.
C Accounts Clerk, Cashier, Chief Accountant.
D Stock Broker, Debt Collector, Financial Manager.
2) In accounting, profit is normally regarded as being earned at the time when the odds or services are passed to the customer and incurs liability for them. The accounting concept representing this statement is the …
A Historical Concept.
B Going concern Concept.
C Reaction Concept.
D Money Measurement Concept.
3) Which of these would appear as a Long Term Liability in the Balance Sheet?
A Rent receivable due
B Wages due
C Insurance prepaid
D Mortgage payable
