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2nd Year Round 1

Total questions: 20

Worksheet time: 9mins

Name
Class
Date
1.

Which is not an Asset?

a)

Accounts Receivables

b)

Unearned Revenue

c)

Patent

d)

Inventories

2.

In what financial institution can you deposit your money?

a)

Lending

b)

Bank

c)

Pawnshop

d)

Money Changer

3.

What do call to the income from lending your money?

a)

Interest

b)

Royalties

c)

Dividends

d)

Profit

4.

Mr. Co purchased a donnut amounting to P350 with 25% discount. How much should he pay?

a)

87.50

b)

262.50

c)

262

d)

125.50

5.

Which is not part of Income Statement?

a)

Gross Profit

b)

Cost of Good Sold

c)

Salaries Expense

d)

Accrued Expense

6.

What do you call to the method of payment that pays the small amount first before the bigger anount loan?

a)

Aging of Accounts Recievables

b)

Snowball Method

c)

Avalanche Method

d)

Snowflakes Method

7.

Which asset has no depreciation?

a)

Furnitures

b)

Building

c)

Land

d)

Machineries

8.

In what financial statement can you find the revenue account?

a)

Statement of Financial Performance

b)

Statement of Financial Position

c)

Statement of Cash Flow

d)

Statement of Changes in Equity

9.

The exchange of good without using money is called?

a)

Selling

b)

Trading

c)

Exchange

d)

Barter

10.

Can you go to SM and buy some goods and pay it without using cash?

a)

Yes

b)

No

11.

if your business has a Cash of 500,000 and Accounts Receivables of 50,000 and a Liabilities of 120,000, How much is your Capital

a)

120,000

b)

450,000

c)

430,000

d)

670,000

12.

What animal is at the back of Fifty peso bill?

a)

Butanding

b)

Maliputo

c)

Palm Civet

d)

Blue Naped Parrot

13.

In what financial institution can you deposit your money?

a)

Lending

b)

Bank

c)

Pawnshop

d)

Money Changer

14.

Bago pa dumating ang mga Kastila nakikipagkalakalan na tayo sa bansang ito:

a)

Tsina

b)

Persia

c)

Mesopotamia

d)

Mehiko

15.

The first local form of coinage is called?

a)

Piloncito

b)

Fiat Money

c)

Barilla

d)

Hilis Kalamay

16.

Who is the current governor of the Bangko Sentral ng Pilipinas?

a)

Nestor Espenilla Jr

b)

Benjamin Diokno

c)

Amado Tetangco

d)

Carlos Dominguez

17.

According to your subject Personal Finance, during the Spanish Era, the Filipinos called their money as?

a)

Barya

b)

Salapi

c)

Butal

d)

Piso

18.

What national wonder is at the back of 200 peso bill?

a)

Taal Volcano

b)

Rice Terreces

c)

Mayon Volcano

d)

Chocolate Hills

19.

Cash Balance End in the Statement of Cash Flow must be the same with the Cash Balance End in the Statement of Financial Position

a)

True

b)

False

20.

Included in your subject Personal Finance, the Tag Line of the New Generation Currency Coin Series of BSP is MATIBAY, MAGANDA, _________

a)

Makintab

b)

Mahalaga

c)

Malinis

d)

Maayos