Ecz Principles of Accounts grade 12 2010 paper 1
1 ) A debit balance brought down on a Stationery Account means
A owing for stationery.
B are owed for stationery.
C have lost money on stationery.
D have a stock of stationery unused.
2) A reduction in the provision for bad debts …
A increases the profit of a business.
B decreases the profit of a business.
C increases the cash/bank balance.
D decreases the cash/bank balance.
3)The consolidated fund balance of a club at a specific date can be found by …
A balancing off a receipts at payments account.
B preparing a statement of at payment account
C preparing an income and expenditure account.
D subtracting the surplus for the year from total assets.
