JSS1: BUSINESS STUDIES – 3RD TERM

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Introduction to Book-keeping | Week 1

4 Topics
|
1 Quiz
- JSS1 – Business Studies: 3rd Term – Evaluation Questions | Week 1
Source Documents | Weeks 2 & 3

5 Topics
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1 Quiz
- JSS1 – Business Studies: 3rd Term – Evaluation Questions | Weeks 2 & 3
Journals | Weeks 4 & 5

11 Topics
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1 Quiz
- JSS1 – Business Studies: 3rd Term – Evaluation Questions | Weeks 4 & 5
Double Entry Book-keeping | Weeks 6 & 7

6 Topics
|
1 Quiz
- JSS1 – Business Studies: 3rd Term – Evaluation Questions | Weeks 6 & 7
Introduction to Keyboarding | Weeks 8 & 9

6 Topics
|
1 Quiz
- JSS1 – Business Studies: 3rd Term – Evaluation Questions | Weeks 8 & 9

Kofa Study

Quiz 1 of 5

JSS1 – Business Studies: 3rd Term – Evaluation Questions | Week 1

JSS1: BUSINESS STUDIES – 3RD TERM Introduction to Book-keeping | Week 1 JSS1 – Business Studies: 3rd Term – Evaluation Questions | Week 1

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Question 1 of 10

1. Question
Which of these best defines book-keeping?
- It is concerned with the recording of financial transaction to easily determine profit or loss
- It is recording of business transactions
- It helps to determine profit or loss
- It is recording of business into the books of account
- It is keeping of business records
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Question 2 of 10

2. Question
Business transaction can be divided into __________
- 2
- 3
- 4
- 5
- 6
Correct

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Question 3 of 10

3. Question
Business transaction can either be _________
- Cash/credit
- Cash/money
- Credit/money
- Cash/sale
- Sale/credit
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Question 4 of 10

4. Question
The person entrusted with the task of handling the account and financial information is called ____
- Trader
- Consumer
- Book keeper
- Manager
- Supplier
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Question 5 of 10

5. Question
A book keeper should possess the following qualities except
- Must have required qualification
- Must be honest and trustworthy
- Must be forgetful
- Must be computer literate
- Must be orderly in presenting figures
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Question 6 of 10

6. Question
Transactions includes the following except
- Sales
- Profit
- Purchases
- Receipts
- Payments
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Question 7 of 10

7. Question
Which of these is not a book-keeping practice?
- Balance and record daily sales and cash receipts daily
- Closely watch your accounts receivable from customers
- Ignore your gross profit
- Watch for unusual changes in sales or expenses
- Take care of slow moving inventory
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Question 8 of 10

8. Question
The recording of cash and credit transactions in order to obtain necessary accounting information is known as ________
- Accounting
- Book keeping
- Payments
- Receipts
- Sales
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Question 9 of 10

9. Question
The following are the appropriate books of account used to record day to day financial transactions except ____________
- Cash book
- Ledger
- Journal
- Petty cash book
- Balance sheet
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Question 10 of 10

10. Question
The principal job of a book keeper is ____________
- To manage business
- To keep account records of business transactions
- To buy and sell goods
- To supply goods
- To maintain office
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