Ecz Principles of Accounts gce grade 12 2017 paper 1
1) In the absence of drawings and additional capital, capital at the end less capital at start is equal to …
A gross worth.
B gross profit.
C net profit.
D net worth.
2) Which one of the following items is used in sales calculation for a single organizations?
A Discount received
B Cash payment to creditors
C Discount allowed
D Returns outwards
3) Traders who do not keep double entry records
A single entry records.
B petty cash entry records.
C general journal records.
D cash book records.
