CHAPTER 1 MA1

CHAPTER 1 MA1

University

5 Qs

quiz-placeholder

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CHAPTER 1 MA1

CHAPTER 1 MA1

Assessment

Quiz

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University

Practice Problem

Easy

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suryanti yahaya

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5 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is a potential advantage of decentralisation?

Less control by senior management

Duplication of services can be avoided

Local office are more self sufficient

Consistency of decision making across the organisation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a potential disadvantage of having business policies?

It may lead to inflexibility

Personnel follow best practices

Procedures are formalised

It acts as a form of control over activities of employees

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following personnel in an organisation would NOT be involved in the sale of goods on credit?

Credit controller

Payables ledger clerk

Sales Person

Warehouse operative

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the CORRECT accounting equation?

Assets + liabilities = Capital + Profit-Drawings

Assets + Liabilities = Capital - Profit - Drawings

Assets - Liabilities = Capital + Profit + Drawings

Assets - Liabilities = Capital + Profit - Drawings

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is INCORRECT function in computerized system?

General ledger - for all assets, liability, income and expense account)

Receivables ledger - for customers

Payable ledger - for debtors

Cash books - including the main cash book