2020 Paper 2 — CBT Mode | BECE Business Studies

Production is not complete until goods get to the _______

A business organization does not have control over its _________

Workers who obtain natural resources from the soil are engaged in ______ occupation.

Which of the following is a voluntary organization formed to promote the welfare of its members?

The process of creating goods and services to satisfy human wants defines

A business that is owned and controlled by one person is called

Informing a manufacturer of dissatisfaction with a product or service in a fair and honest manner explains

The reward for truthfulness in business includes the following except increase in

When a neutral party intervenes to resolve crisis between an aggrieved customer and a manufacturer, this method of intervention is known as 

The principle of indemnity states that the insured should

Who among the following combines land, labour, and capital to manufacture goods?

The institutions in the money market that buy and sell financial assets on behalf of their clients are called

Which of the following is not an advantage of air transport? It

The account operated by commercial banks which attracts higher interest rates is known as _____ account

The appropriate channel of distribution of goods is

The movement of people, goods, and services from one place to another is referred to as

Marine insurance policy is taken to cover

A trader who exports goods that were previously imported into a country is engaged in _______ trade.

Which of the following is a modern means of communication?

A set of rules, morals, and standards which practitioners must follow in the discharge of their professional duties is referred to as _______

The buying and selling of goods and services within Nigeria is an example of ________ trade

The following are procedures to follow in writing a business plan except to

The final users of a product are called

Companies issue ______ to the public to raise capital for the first time after incorporation.

The external environment of a business offers

Which of the following stimulates sales?

The following are reasons for consumer protection except to

The advertisement that is aimed at a particular segment of the market is called _______ advertising

Which of the following activities aids commerce by reducing the risks involved in trade?

Low cost of maintenance is an advantage of _____ transportation.

Balance brought down in cash account is referred to as ________

The total money provided by a person to start a business is known as 

Which of the following is a/an attribute of modesty?

Which of the following items does not appear in the profit and loss account?

If transactions are entered into a wrong class of account, this means an error of _________

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The following were extracted from the books of Yakubu for the month of July.

The balance brought down on the debit side of cash column is

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The following were extracted from the books of Yakubu for the month of July.

What is the balance carried down on the credit side of the bank?

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The following were extracted from the books of Yakubu for the month of July.

Contra entry transaction took place on ________

Carriage inwards is added to _______

When cash is withdrawn from the bank account for office use, this is a  _______ transaction.

Which of the following items is found on the credit side of a three-column cash book.

How many columns are in a three-column cash book?

Which of the following books is maintained on analytical basis?

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Drugs for driver is recorded on ______ heading

The following are source documents except

The error of original entry can also be referred to as error of

The total of an individual column in a petty cash book is transferred to ________ account

The purpose of trading account is to ascertain the

The discount column on the debit side of a cash book is known as discount _______

Balance sheet is made up of 

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Sunday enterprises trading profit and loss account for the year ended 31st December 2017.

What is the cost of goods sold?

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Sunday enterprises trading profit and loss account for the year ended 31st December 2017.

The gross profit amount is 

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Sunday enterprises trading profit and loss account for the year ended 31st December 2017.

How much is the net sales?

The profit and loss account is prepared to ascertain

Current assets include the following except

A ledger that contains nominal and real accounts is known as _____ ledger

Mr. Okoro received a cheque of ₦50,000 from a customer and allowed a discount of 15%. How much is the total discount allowed?

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Okechiku enterprises extract as at 31st December, 2018

What is the capital?

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Okechiku enterprises extract as at 31st December, 2018

What is the total current liabilities?

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Okechiku enterprises extract as at 31st December, 2018

The total fixed assets is _______