please answer these 20 mcqs this is one question which has 20mcqs kindly answer these

SECTION Write ONLY the alphabet (A, B, C, D or E) that corresponds to the correct option in each of the following questions/statements: This het hoefte 33: Wyd. The ele Gore 1. Which of the following is NOT correct about the definition of assets? au RDC A. Resources which an entity must control B. Resources which an entity must own C. Resources which are expected to bring future benefits to an entity D. Resources that their costs can be reliably measured E. Resources for which liabilities arise from past events Aerowatywa www. How will be CERLER 2. Inventories are recognised at the net realisable value when this is lower than the cost price in other to satisfy the ........... principle 1. Ang poteft het 'n mer a. are CLIP . A. Matching B. Prudence C. Accrual D. Periodicity E. Realisation 12. AR cthome DAw 3. Which of the following is checked against a waybill to ensure that the goods ordered are the ones supplied? A. Good received note B. Purchase invoice C. Purchase order D. Store issue voucher E. Delivery note 12 Wide Vachette er det re ve we were * they were Crew Wat wita AP2 127.40 C.000 4. Which of the following is CORRECT in respect of cash discount? A. Discount allowed is a deduction from trade payables B. Discount received is a deduction from sales C. Discount columns in cash book form part of the double entry D. The total amount of discount on the debit side of cash book income E. The total amount discount on the credit side of cash book is discount received an 5. A credit sale of Rs257,000 was recorded in the day book as Rs 275,000. The effect is that nh, Charging hotelomered throwing Charter | Chargr Charter A W. Chorote wewe A. A. and C. N A. Assets, liabilities and equity are understated B. Assets, liabilities and equity are overstated C. Assets and liabilities are overstated; no effect on equity D. Assets and equity are overstated; no effect on liabilities E. Equity and liabilities are understated; no effect on assets ANCO pored mentor complete the Come sites Carstwo 17 Where carrer neat, theologicomico, CEPT 6. Which of the following is the effect of a reduction in allowances for doubtful receivables? A. A reduction in gross profit B. A reduction in profit for the period C. A reduction in cash balance D. Increase in profit for the period E. Increase in cash balance . crown Charmed Ik henger cars of 15354000 Tech Canistani 1. 100 CR304 DEL 120.20 7. The bank balance in the books of Super on 1 April 2018 was Rs5,000,000 overdraft. The entity made a total payment of Rs13,116,300, the balance at 31 March 2019 was R$8,145,600. How much cash was received by the entity during the year ended 31 March 2019? A. Rs 9,970,700 B. R$ 16,261,900 C. Rs18,116,300 D. R$21,261,900 E. R$26,261,900 or wichtiger or 8. An entity purchased an equipment for Rs 20,000. The equipment was transported at N86, installation cost was Rs125, abnormal waste of materials was Rs15,000 and training cost of staff on the use of the machine was N255. How much should be recorded as the initial cost of the equipment? Inventory 4. MERY We . Lond A. Rs 20,000 B. R$20,086 C. Rs 20,125 D. Rs 20,211 Find Cena v Care este con . COM land NECNON OPER-ENDED QUESTIONS (NO MANIS STRUCTION YOU ARE ABOURED TO ANSWER ALL FOUR OVESTIONS IN THIS SECTION ALL QUESTIONS CARS EQUAL MAS