Bookkeeper's Quizizz

The main goal of accounting is to provide what kind of information?

• Accurate Financial Information

• Relevant Financial Information

• Timely Financial Information

• All of the choices

Under the Scope of Operation, Head Office is responsible for recording local transactions and managing branch specific expenses and revenues.

• True

• False

Branches regularly report their financial data to the head office to ensure an accurate representation of the cooperative's overall financial health

• True

• False

When do we need to sent Due To and Due From reports to the Head Office?

• Every 10th and 20th day of the month

• Every 12th and 30th day of the month

• Every 15th and 25th day of the month

• Every 17th and 27th day of the month

What is the estimated useful life of an Office Equipment?

• 1 year

• 3 years

• 5 years

• 10 years

Which one of the following details should be reflected in Lapsing Schedule?

• Name or Description of Property

• Property Code or Serial Number

• Condition or Status

• All of the choices

What is the percentage of Compliance on the total CO-OPER computation?

• 10%

• 20%

• 80%

• 100%

To gain 4 points on the delinquency ratio, what percentage should a branch have?

• 5% or less

• 6% to 10%

• 11% to 15%

• 15% or above

In line with Family Accident Insurance, what entry should we use upon remittance to the head office?

• Debit Cash

• Credit Due to Climbs

• Debit Due to Climbs

• Credit Due to HO

In line with Real Estate Business, what entry should we used to record receipt of payment by member(buyer)?

• Credit Cash

• Credit Due to Real Estate

• Credit Investment on Real Estate

• Debit Due to Real Estate