Pre Test

1. ___________ is an employee of the company in charge to maintain bookkeeping records of the business.

• A. Check

• B. Voucher

• C. Official receipt

• D. Book Keeper

2. ___________ Is considered the book of original entry.

• A. Check

• B. Invoices

• C. Contract

• D. General Journal

3. A source document evidencing that orders have been placed by the customer

waiting to be served by the supplier

• A. Purchase request

• B. Purchase order

• C. Purchase invoice

• D. Purchase check

4. The source document evidencing that goods have been delivered by the supplier

to the customer-

• A. Supplier’s sales invoice

• B. Vale slip

• C. Customer’s sales invoice

• D. Customer’s delivery receipt

5. ____________ Is a financial statement that reports net income or net loss of the business.

• A. Balance Sheet

• B. Income Statement

• C. Owner’s Equity

• D. Assets

6. A source document issued by the supplier acknowledging that full payment has

been received from the customer-

• A. Official receipt

• B. Purchase receipt

• C. Delivery receipt

• D. Receiving report

7. _____________ Is a report summarizing the ledger accounts with updated balances in debit and credit columns.

• A. Inventories

• B. Computer

• C. Receivables

• D. Trial Balance

A type of business that is engage in buying and selling of food products such as

Grocery/convenient stores.

• A. Service Business

• B. Merchandising business

• C. Manufacturing business

• D. Forex Trading Business

9. _____________ Is a type of sales report that presents cash collection only.

• A. Cash voucher

• B. Cash Sales

• C. Check

• D. Revenue

10. _____________ Is a record that report cash inflow of the business.

• A. Cash receipt

• B. Purchase receipt

• C. Delivery receipt

• D. Receiving report