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Why do we prepare a trial balance?
Anonymous Quiz
57%
A To test the accuracy of the double entry bookkeeping records
6%
B To prepare management accounts
37%
C To prepare financial statements
0%
D To clear the suspense account
Which of the following transactions is a capital transaction?
Anonymous Quiz
6%
A Depreciation of plant and equipment
13%
B Expenditure on rent
6%
C Payment of interest on loan stock
75%
D Buying shares as an investment
Which of the following transactions is revenue expenditure?
Anonymous Quiz
29%
A Expenditure resulting in improvements to property
50%
B Expenditure on heat and light
17%
C Purchasing non-current assets
4%
D Repaying a bank overdraft