Uneb uce accounts 2010

Uneb uce accounts 2010

SECTION A : 20 MARKS
1. The following are objectives of accounting to a business except to
a) Ascertain the profit or loss of the business.
b) Determine the accounting concepts to be followed.
c) Report the net worth of the business.
d) Provide financial information to the users of such information.
2. The cost of delivering goods to a customer is charged to the
a) Sales account
b) Balance sheet
c) Trading account
d) Profit and loss account.