The balance unearned rent account for Jones Co. as at 31st Dec. is 1,200. If Jones Co tailed !o record the adjusting entry for 600 of rent earned during December, the effect on the balance sheet and income statement for December is:

• A) Liabilities overstated: ?600; net income overstated: ?600
• B) Liabilities understated: ?600; net income understated ?600
• C) Asset understated: ?600; net income overstated ?600
• D) Liabilities overstated ?600; net income understated ?600

Two perpendicular lines PQ and QR intersect at (1, -1). If the equation of PQ is x - 2y + 4 = 0, find the equation of QR

• A. x + 2y - 1= -0
• B. 2x + y - 3 = 0
• C. x - 2y - 3 = 0
• D. 2x + y - 1 = 0

The major condition for obtaining loan in thrift, credit and loans cooperative societies is

• A. provision of collateral security
• B. a high level of education
• C. possesssion of a large business
• D. an approved project plan

One of the facilities enjoyed by a current account holder is?

• A. a dividend
• B. a bonus
• C. an overdraft
• D. interest on deposits

This question is based on George Orwell's Animal Farm,

The overthrow of Jones happens sooner than expected because the animals

• A. experience acute suffering
• B. are milked by Jones
• C. are better schemers
• D. receive assistance from Foxwood

In the creation story, the responsibility to give names to all living creatures was performed by

• A. God
• B. Adam and Eve
• C. man
• D. angels of God

Read the poem and answer the question

I'm going soldering:

Mad the rhythm runs

With drumming and with trumpeting

And glory of the guns.

I've come home again:

I know that blood is red;

I know how sodden falls the rain

Where flesh lies dead.

The rhyme scheme in the first stanza is

• A. aabb
• B. abab
• C. abbaa
• D. aabc

A group of assets which a business acquires with the intention of reselling them are referred to as?

• A. current assets
• B. investment assets
• C. fixed assets
• D. intangible assets

In the law of contact, a counter offer operates as

• A. A contact
• B. an acceptance
• C. a ejection
• D. a rejection

Which of the following are the cheapest methods of preserving fish?

• A. salting and sun drying
• B. freezing and chilling
• C. salting and canning
• D. smoking and canning