Business Studies JS 1

A place that allows buyers and sellers to exchange information is called .........

• A bookshop

• A market

• An office

• A store

The manufacturer produces goods because of who?

• A producer

• A seller

• A consumer

• An officer

........... are compounds that are naturally or artificially prepared.

• Chemicals

• Substances

• Food

• Air

............ is Not the negative effects of inappropriate monitoring of Chemicals.

• It can be harmful to health

• It can lead to death

• It can bring about the destruction of properties

• It can prevent an outbreak of disease

......... is not a measure of Control of Chemical

• They should be properly labelled

• They must not be kept away from children

• They must be used in the right form

• They must be kept away from fire.

6. Book-keeping can be defined as the art of ...............

• Storing goods

• Recording business transactions in a systematic manner

• Selling books

• Marketing products

............is NOT an importance of Book-keeping

• It is for easy reference of business financial

  records.

• It shows an accurate standing position of business in relation to its customers

• It reveals profits and losses position of

  the company

• It covers up the tracks of fraudulent staff in the organisation

In Business Studies, Bookkeeping does the following EXCEPT............

• Auditors use the books to issue their audit reports.

• The records kept help in

  management decision-making.

• The accounting records project the false image of the business to the public.

• It is a means by which finances of a business can be controlled

The following are qualities of a good bookkeeper EXCEPT.......

• A good bookkeeper is observant, intelligent and careful

• A good bookkeeper is decent in dressing and behaviour

• He/she is dishonest

• He/she has integrity

........... can be defined

as original documents on which

monetary transactions are recorded to provide necessary information for

the preparation of books of account in an organisation.

• Source documents

• Sales books

• Purchase receipts

• Bills