Head of Accounts

Finance lease

Hire purchase

Operating lease

Sale and lease

Revaluation = Debit and Partners capital accounts = credit

Partners’ capital accounts = Debit and Revaluation surplus = Credit

Both A and B

None of these

Instalment charges only

Interest only

Interest and instalment charge

Neither interest or instalment charges

Sales account

Sales ledger control account

Debtor control account

Revised debtor control account

Entity

Object

Fund

Project

Period of accounting

Refund of accounting

Revenues of accounting

Commitment accounting

0.25278935185185

0.75844907407407

0.42520833333333

0.25282407407407

It’s a revenue expenditure

It’s a capital expenditure

It is not recorded in the books of accounts

None of these

Grant No. Consolidated Fund / Public Account

Source – Capital / Revenue

Sub- Fund- Voted, Charged, Current, Development

All of these

Taxation

Cost of sales

Administration expenses

Distribution costs