Sage Computerised Accounting - Qp8
5 Questions
| Attempts: 180
Questions and Answers
- 1.Current assets are items that belong to the business but will be used up within 12 months (stock, debtors, bank).
- A.
True
- B.
False
- 2.Fixed Assets and Depreciation is indicated with a nominal code 1000-1999.
- A.
True
- B.
False
- 3.Purchases are indicated with a nominal code 5000-5999.
- A.
True
- B.
False
- 4.Capital is the money invested by the owner and kept in the business.
- A.
True
- B.
False
- 5.Suspense and mispostings are indicated with a nominal code of 8000-8999.
- A.
True
- B.
False
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