10:05 Back END OF SECOND SEMESTE... Time left 01:02:... Question 26 Not yet answered Marked out of 1.00 The double-entry system of book-keeping normally results in which of the following balances on the ledger account? Debit balances: Credit balances: Select one: a. Assets and revenue Liabilities, capital and expenses b. Revenue, capital and liabilities Assets and expenses c. Assets and expenses capital and revenues Liabilities, d. Assets, expenses and capital Liabilities and revenues Clear my choice Not yet answered Question 27 A E Question 27 Not yet answered Marked out of 1.00 Which of the following items appear on the same side of the trial balance? Select one: a. Drawings and accruals b. Carriage outwards and drawings c. Carriage inwards and rental income d. Opening inventory and purchase returns Clear my choice Not yet answered 10:05 Back END OF SECOND SEMESTE... Time left 01:02:23 a. Upening inventory ana purcnase returns Clear my choice Question 28 Not yet answered Marked out of 1.00 Which ONE of the following is an error of Principle? Select one: a. A gas bill credited to the gas account and debited to the bank account b. The purchase of a non-current asset credited to the asset at cost account and debited to the supplier's account c. The purchase of a non-current asset debited to the purchase account and credited to the supplier's account d. The payment of wages debited and credited to the correct accounts, but using the wrong amount. Clear my choice Mata A 10:06 Back END OF SECOND SEMESTE... Time left 01:02:15 Clear my choice Question 29 Not yet answered Marked out of 1.00 Which of the following are not errors of principle? 0 Motor expenses entered in motor vehicles account (ii) Purchases of machinery entered in Purchases account Sales of GH250 to C.P completely omitted from books Sale to A Hen entered in A Henry's account Select one: (IV) a. (ii) and (iii) b. (i) and (ii) c. (iii) and (iv) d. (i) and (iv) Clear my choice Question 30 Not yet answered Marked out of 1.00 A 10:06 Back END OF SECOND SEMESTE... Time left 01:02:12 Clear my choice Question 30 Not yet answered Marked out of 1.00 The most important reason for producing a trial balance prior to preparing the final account is: Select one: a. it confirms the accuracy of the ledger accounts b. it provides all the figures necessary to prepare the final accounts c. it shows that the ledger accounts contain debit and credit entries of an equal value d. it enables the accountant to calculate any adjustments required Clear my choice A