G8 Business Studies_Second Term Test 2

All the following are problems created by lack of Transparency, Accountability and Probity (TAP) except________________.

• disregard for law

• integrity

• fraud

• bad government

______________ is the act of being truthful.

• Openness

• Transparency

• Accountability

• Ethics

_______________ is one of the solutions to problems created by lack of transparency.

• Practice of nepotism

• Respect for the law

• Bad governance

• Embezzlement of funds

An accountant must have the following qualities except ____________.

• rude

• honesty

• transparency

• truthful

All the following are items found on the ledger except ____________.

• amount

• folio

• particular

• address

A ledger account is divided into ______________ parts.

• 3

• 2

• 4

• 6

The following are classes of ledger except ___________.

• general

• nominal

• cash

• personal

The principal book of account is called ____________.

• ledger

• journal

• cash book

• cheque

_____________ is a column in the ledger that narrates or gives the detail of a transaction.

• Date

• Folio

• Amount

• Particulars

The transfer of entries from journal into the ledger is called ________.

• classifying

• posting

• shifting

• moving