Ecz Principles of Accounts grade 12 2016 paper 1

Ecz Principles of Accounts grade 12 2016 paper 1

 

1) Which of the following errors would not affect the balancing

A An amount not posted to E. Nyirenda.

B An amount omitted entirely from the books.

C An amount posted to the wrong side of the account.

D An amount overcast in one account.

2) Which of the following item is used in sales calculation for single entry organizations?

A        Discount allowed

B        Cash payments to creditors

C       Discount received

D        Returns outwards

3) Single entry records are kept by …

A        all the traders.

B        partnerships.

C        small traders.

D       companies.

 

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