IMSU Commerce 2018/2019 Past Questions

Practice each question, then open it to see the full details.

One of the following is not a fixed asset of a company

A.Postage and stamp
B.Transport fare
C.Stationary
D.Cost of G/MS car
E.Warehouse cost

In a cash book, all payments are;

A.Debited
B.credited
C.posted to the ledger
D.extracted from ledger
E.None of the above.