Ecz Principles of Accounts grade 12 2012 paper 1
1)A fixed assets. Why does a business prepare a Trial Balance?
A To calculate the profit and loss.
B To show the financial position.
C To check the arithmetical accuracy of the ledger.
D To check the cash and bank balances.
2) The books of prime entry may also be called …
A Ledger Book.
B Subsidiary Books.
C Cash Books.
D Bank Books.
3) The issued capital of a company is …
A always the same as the authorized capital.
B the same as preference share capital.
C equal to the reserves of the company.
D the same as called-up capital.
