
CHAPTER 1 MA1
Authored by suryanti yahaya
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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
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