A. Provide financial information to the users of such information
B. Maintainrecords of assets and liabilities
C. Keep record or transactions
D. To fulfil statutory requirements
Answer: A
For More Quiz Questions click here to download Global Quiz on Google PlayStore
For More Quiz Questions click here to download Global Quiz on Google PlayStore
For More Quiz Questions click here to download Global Quiz on Google PlayStore
For More Quiz Questions click here to download Global Quiz on Google PlayStore
A. Ensuring high profits.
B. Managing cash.
C. Ensuring the recording, controlling and safeguarding of assets.
D. Ensuring high dividends to shareholders.
Answer: C
For More Quiz Questions click here to download Global Quiz on Google PlayStore
A. Overstating profits and understating statement of financial position values.
B. Understating profits and overstating statement of financial position values.
C. Understating cash flow and overstating cash in the statement of financial position.
D. Overstating cash flow and understating cash in the statement of financial position
Answer: A
For More Quiz Questions click here to download Global Quiz on Google PlayStore
A. The historical cost convention.
B. The accruals concept.
C. The consistency concept
D. The materiality concept
Answer: B
For More Quiz Questions click here to download Global Quiz on Google PlayStore
A. Cost of painting a building.
B. The replacement of windows in a building
C. The purchase of a car by a garage for re-sale
D. Legal fees incurred on the purchase of a building.
Answer: D
For More Quiz Questions click here to download Global Quiz on Google PlayStore
A. Financial accounts are primarily for external users and management accounts are primarily for internal users.
B. Financial accounts are normally produced annually and management accounts are normally produced monthly.
C. Financial accounts are more accurate than management accounts
D. Financial accounts are audited by management where as management accounts are audited by external auditors
Answer: D
For More Quiz Questions click here to download Global Quiz on Google PlayStore
A. An income and expenditure account is an international term for an Income statement
B. An income statement is prepared for a business and an income and expenditure account is prepared for a not for profit making organisation.
C. An income statement is prepared on an accruals basis and an income and expenditure account is prepared on a cash flow basis.
D. An income statement is prepared for a manuf acturing business and an income and expenditure account is prepared for a non manufacturing business
Answer: B
For More Quiz Questions click here to download Global Quiz on Google PlayStore
Select NOUN Past Questions & Answers by Faculties
National Open University of Nigeria (NOUN) Faculty of Sciences Past Questions and Answers.
National Open University of Nigeria (NOUN) Faculty of Education Past Questions and Answers.
National Open University of Nigeria (NOUN) Faculty of Arts and Social Sciences Past Questions and Answers.
National Open University of Nigeria (NOUN) Faculty of Law Past Questions and Answers.
National Open University of Nigeria (NOUN) Faculty of Management Sciences Past Questions and Answers.
National Open University of Nigeria (NOUN) Faculty of Health Sciences Past Questions and Answers.
National Open University of Nigeria (NOUN) Faculty of Agricultural Sciences Past Questions and Answers.
Select Project Topics & Materials by Categories
Universities, Polytechnic's and Colleges of Education Accounting Project Topics and Materials.
Universities, Polytechnic's and Colleges of Education Biology Project Topics and Materials.
Universities, Polytechnic's and Colleges of Education Business Education Project Topics and Materials.
Universities, Polytechnic's and Colleges of Education Chemistry Project Topics and Materials.
Universities, Polytechnic's and Colleges of Education Computer Science Project Topics and Materials.
Universities, Polytechnic's and Colleges of Education Criminology & Security Project Topics and Materials.
Universities, Polytechnic's and Colleges of Education Economics Project Topics and Materials.
Universities, Polytechnic's and Colleges of Education Education Project Topics and Materials.
Universities, Polytechnic's and Colleges of Education English/Linguistic Project Topics and Materials.
Universities, Polytechnic's and Colleges of Education Entrepreneurship Project Topics and Materials.
Universities, Polytechnic's and Colleges of Education Environmental Science Project Topics and Materials.
Universities, Polytechnic's and Colleges of Education Law Project Topics and Materials.
Universities, Polytechnic's and Colleges of Education Marketing Project Topics and Materials.
Universities, Polytechnic's and Colleges of Education Physics Project Topics and Materials.
Universities, Polytechnic's and Colleges of Education Political Science Project Topics and Materials.
Universities, Polytechnic's and Colleges of Education Public Administration Project Topics and Materials.
You can now use you matric number to login as your username and password in a lowercase.
https://elearn.nouedu2.net/login/
Note that you are to change your passw...
The Flemish Ministry of Education and Training awards scholarships to highly talented international students who want to study a master's programme at a Flemish university, a school of arts or ...
Universities of the Coimbra Group offer short-term visits (generally 1 to maximum 3 months) to young African researchers from higher education institutions from Sub-Saharan Africa. The main aim of ...
