Ecz Principles of Accounts grade 12 2014 paper 1
1) Zuze Enterprise bought a motor van at K20 000. It as estimated to be used in business for 5 years after which it would have a scrap value of K2 000. each as the depreciation value of year?
A K3 335.33
B K3 666.67
C K3 600.00
D K2 000.00
2) Expenses which a firm has incurred but not yet paid for are called
A prepaid expenses.
B administrative expenses.
C accrued expenses.
D distribution expenses.
3) Which one of the following is paid whether profit is
A Debenture interest
B Shares
C Dividends
D Reserves
