NEW
Font size
WorksheetsBusiness Studies JS 1
Total questions: 20
Worksheet time: 20mins
A place that allows buyers and sellers to exchange information is called .........
A bookshop
A market
An office
A store
The manufacturer produces goods because of who?
A producer
A seller
A consumer
An officer
........... are compounds that are naturally or artificially prepared.
Chemicals
Substances
Food
Air
............ is Not the negative effects of inappropriate monitoring of Chemicals.
It can be harmful to health
It can lead to death
It can bring about the destruction of properties
It can prevent an outbreak of disease
......... is not a measure of Control of Chemical
They should be properly labelled
They must not be kept away from children
They must be used in the right form
They must be kept away from fire.
6. Book-keeping can be defined as the art of ...............
Storing goods
Recording business transactions in a systematic manner
Selling books
Marketing products
............is NOT an importance of Book-keeping
It is for easy reference of business financial
records.
It shows an accurate standing position of business in relation to its customers
It reveals profits and losses position of
the company
It covers up the tracks of fraudulent staff in the organisation
In Business Studies, Bookkeeping does the following EXCEPT............
Auditors use the books to issue their audit reports.
The records kept help in
management decision-making.
The accounting records project the false image of the business to the public.
It is a means by which finances of a business can be controlled
The following are qualities of a good bookkeeper EXCEPT.......
A good bookkeeper is observant, intelligent and careful
A good bookkeeper is decent in dressing and behaviour
He/she is dishonest
He/she has integrity
........... can be defined
as original documents on which
monetary transactions are recorded to provide necessary information for
the preparation of books of account in an organisation.
Source documents
Sales books
Purchase receipts
Bills
The following are examples of Source Documents EXCEPT..............
Cheque
Cash deposts
Purchase invoice
Receipts
A Source Document contains .................
The business name and logo
The idea of the business
How many children the manager has
The amount of money in the bank
........is a Source Document listing goods or services
provided, as well as their prices.
Treasury bills
Invoice
Cash tape register
Books of account
An invoice has the following information EXCEPT ...........
Names and addresses of both the buyer and the seller
The date of the sale
The description of the goods with quantity
Amount of light bill
5. Receipts are ........
Books of knowledge
Cash papers
Are documents confirming that cash or
goods have been received.
None of the above
............is a Source Document on which transactions and receipts are recorded on.
Cash tape register
Book
Account
Production
............ is a means of payment in written order from a customer to his bank(banker), to take money from his current account and pay a certain amount of money to the person whose name is written.
Cash tape register
Cheque
Pay book
Atm card
Transactions are of two types namely..........
Giving and taking
Coming and going
Cash and Credit
Optional
Cash transaction means that money paid............
Immediately the transaction occurs
Paid two weeks after transaction occurs
Paid with borrowed money
Paid in instalments
Credit transaction means that payment
for what is bought or sold is made at a .........
Immediate date
Instant date
Later date
Dynamic date
