BAFS DSE 2018

Which of the following statements about the Hong Kong economy is not correct?

• The Hong Kong Government does not control the inflows and outflows of capital.

• Hong Kong is a founding member of the World Trade Organization.

• Most businesses in Hong Kong are multinational corporations.

• Under the Closer Economic Partnership Arrangement (CEPA), service suppliers in Hong Kong enjoy preferential treatment when setting up business in most service sectors on the Mainland.

Which of the following accounts must carry a debit balance in a trial balance?

• Rental income

• Purchases returns

• Discounts received

• Loans to employees

If the Hang Seng Index (HSI) rose by 10% during the past month, it means that during the past month.

(1) the 'HSI-Commerce & Industry' rose by 10%

(2) the turnover of the HSI constituent stocks increased by 10%

(3) the market prices of the HSI constituent stocks rose in general

• (1) only

• (2) only

• (3) only

• (2) and (3) only

• (1) only

• (2) only

• (2) and (3) only

• (1), (2) and (3)

The following are the tasks required for quality control:

(1) measure the actual rate of defective items by sampling

(2) find reasons and take follow up measures if the actual rate of defective items is higher than the acceptable level

(3) set the acceptable rate of defective items

(4) compare the actual rate of defective items with the acceptable rate

The sequence of the quality control procedure should be:

• 1,3,2,4

• 1,4,3,2

• 3,1,2,4

• 3,1,4,2

Which of the following should be recorded as an expense of a firm?

(1) wages paid to the part-time workers of the firm in cash

(2)insurance paid for owner's private apartment by the firm's cheque

(3)rent paid for the firm's warehouse by owner's personal cheque

• 1,2

• 1,3

• 2,3

• 1,2,3

Ethical behaviour in business will .

(1) enhance the public image of a business

(2)increase the operating costs of a business in the long run

(3)enable a business to be subject to a lower profits tax rate

• 1

• 2

• 1,3

• 2,3

Which of the following should be credited to the purchases account of a firm?

(1)goods withdrawn by owners for personal use

(2)goods returned to a supplier

(3)goods donated to a non-profit making organisation

• 1

• 1,3

• 2,3

• 1,2,3

Which of the following are the main functions of a marketing department of a company?

(1) plan marketing research

(2) formulate pricing strategy for the products

(3) control product quality

• 1,2

• 1,3

• 2,3

• 1,2,3

Which of the following is/are the example(s) of a real account?

(1) Sales account

(2) Bank loan account

(3) Equipment account

• 1

• 2

• 3

• 2,3