Accounting Leave a Comment / By admin / April 28, 2026 Welcome to your Accounting Full Name Jamb Reg No Whatsapp Course 1. The primary purpose of a Trial Balance is to: A. Calculate profit B. Test the arithmetical accuracy of the ledger C. Determine the financial position D. Show the cash balance None 1 out of 10 2. The petty cash book operates on the: A. Double entry system B. Imprest system C. Accrual system D. Single entry system None 2 out of 10 3. Prime cost consists of: A. Direct materials + Direct labour + Direct expenses B. Factory overheads + Indirect labour C. Opening stock + Purchases D. Gross profit + Net profit None 3 out of 10 Loading questions... 4 out of 10 Loading questions... 5 out of 10 Loading questions... 6 out of 10 Loading questions... 7 out of 10 Loading questions... 8 out of 10 Loading questions... 9 out of 10 Loading questions... 10 out of 10 Previous Start Quiz Next Time's upTime is Up!