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WorksheetsDIPBUS S3(G370S) REVISION
Total questions: 60
Worksheet time: 15hrs 0mins
Credit purchases of inventory are recorded in which journal?
Cash receipts journal
Cash payments journal
Credit purchases journal
Credit sales journal
A sales journal is used to keep track of?
cash sales
credit suppliers
credit sales
drawings
The method of recording transactions into a general journal.
Double entry accounting
Invoicing
Journalizing
Entering
When recording the debit and credit parts of one transaction, that is referred to as
Entries
Journals
Double Entry Accounting
Double Journaling Entries
If the asset account balance is $250,000 and the liabilities account balance is $50,000. What is the owner's equity balance? (ALOE)
$25,000
$200,000
$50,000
$300,000
The normal balance of an account is always on the...
Left side
Right side
side that is increasing
side that is decreasing
In accounting "on account" means..
on credit
paid cash
paid with a check
five finger discount
Identify which type of account is affected: The business purchase office supplies on account
Assets and Liabilities
Assets and Owner's Equity
Owner's Equity and Supplies
Assets and Purchasing
Identify which type of account is affected: Paid liabilities worth PHP53,000
Assets and Liabilities
Assets and Owner's Equity
Owner's Equity
Assets
Identify which type of account is affected: The owner invested PHP48,000 cash in the business.
Assets and Liabilities
Assets and Owner's Equity
Owner's Equity and Personal Cash
Assets and Cash Investment
Identify which type of account is affected: The owner withdrew supplies worth PHP5,000 or the business used supplies worth PHP8,000.
Assets and Liabilities
Assets and Owner's Equity
Owner's Equity and Liability
Liability and Owner's Equity
The following are the types of major accounts except:
Owner's Equity
Liabilities
Assets
Withdrawal
Identify which type of account is affected: Paid PHP340 cash for this month’s utility bill.
Assets and Liabilities
Assets and Owner's Equity
Assets and Cash Account
Owner's Equity and Liabilities
Identify which account is affected: The business rendered service amounting P5,000, the customer paid half and the other half is on the accounts payable.
Assets and Liabilities
Assets and Owner's Equity
Assets and Accounts receivable
Owner's Equity and Liabilities
___________ Resources are systems and tools required to effectively produce or create a product or service.
Technological
Business
Application
None of these
Which of the following is/are technological resources?
People
. Energy
Capital
All of these
_________ are the most important resources.
People
Energy
Capital
Information
___________ includes the money, land, and equipment needed to produce the product.
Power
Capital
. Information
Energy
. ___________ is an important element in each step in the process from formatting to finalizing the document
People involve in documentating
Energy spend on document
cost of document
purpose of document
______________ is the data that explains other data
Metadata
Raw data
Important data
None of these
____________ summarizes fundamental information regarding data, which can make discovery and operating with specific cases of data simpler
Metadata
Raw data
Important data
None of these
A ___________ is an organized collection of data.
Information
Data system
. Database
None of these
what is the expanded form of DBMS?
Database Managed System
Database Merger System
Database Management System
Database Meta System
Which of the following is not a type of database?
Relational Databases
Operational Databases
Database Warehouses
Information system
_______________ deals with all various aspects of protecting the database content, its owners, and its users.
Database synchronization
Database surety
Database safety
Database Security
A _____________ identifies the calculation needed to place the result in the cell it is contained within
Formula
Table
. Cell
Value
The part of a procedure text that illustrates the process is called
goals
result
steps
rules
what is the purpose of a procedure text?
to tell a reader an amazing story
to tell the reader how to do or make something
to entertain the reader
to pursue the reader
Which of the following is the part of a procedure text?
goal,material,description
goal,materials,steps
goal, ingredients, classification
goal, identification, steps
A procedure is a prescribed _________ of undertaking a process or part of a process.
task
action
way
steps
Instruction can be defined as written or oral information on " _______ to perform a task?"
Why and when
How
What
Whom
Instructions can also be used to caution and___________
read as for leisure
give warnings to readers
as legal document
as training manual
Who's information is in the letterhead?
The person sending the letter
The person receiving the letter
the person who delivered the letter
the person who holds the letter
Where would you find a letterhead?
At the bottom of the page
At the top of the page
Before the greeting
after the signature
____________________are used in official correspondence
page numbers
page layout
Letterheads
Header and footer
What salutation should you use if you don't know the person's name?
Dear whom it may concern
Hello
Dear Sir/Madam
None of above
With block format, all new paragraphs are I________
long
left aligned
short
right aligned
The project scope establishes which boundaries for the client?
Deadlines and due dates
Resource allocation limits
Budget and cost limits
Tasks that are and are not included
How are project costs calculated?
By adding human resources (staff hours times billing rates), plus the marked-up costs of material resources
By adding up the costs of all materials
By a calculation so complicated only a computer could do it
By multiplying the human resources by the material resources
During the design phase and the building and testing phase, how can milestone client reviews help your design project?
You get client signoff on the final project.
You get client feedback on your designs and clear up any misunderstandings.
You can ask the client for a contract for his next project, too.
You can tell exactly where the client is completely wrong.
During which phase are the systems set up for monitoring the three main elements of the project plan (scope, schedule, and costs)?
Building and testing phase
Implementation or publishing phase
Design phase
Planning and analysis phase
During which phase of a project is the project plan most closely monitored?
Design phase
Planning and analysis phase
Implementation or publishing phase
Building and testing phase
Why can most design work be considered projects?
It's visual and unique.
It's cutting-edge and unique.
It's temporary and unique.
It's temporary and beautiful.
When developing a project schedule, what should you start with?
The end product and due date
Human resources and material resources
Deliverables
Estimated costs
Name three examples of deliverables in a design project.
Scope, layouts, and invoices
Plan, scope, and sketches
Sketches, comps, and budget
Sketches, layouts, and comps
During which project management phase is client communication key?
Design phase
Planning and analysis phase
Building and testing phase
All phases
When the customer pays by cheque, the sales assistant should ensure that?
The cheque is pre-signed
Signed in his presence
Cheque is post-dated
All of the above
EFTPOS means:
Electrical Finance Time at Point of Sell
Electronic Funds Transaction at Point of Sale
Electronic Funds Transfer at Point of Sale
Electronic Funds Time at Pay of Sale
Which of the following is a property owned by an individual?
Liability
Asset
Property
Net Worth
Which of the following is Boundryless?
Functional
Strong Matrix
Open Boundary
Foundary
The line of authority that extends from the top of the organization to the lowest echelon and clarifies who reports to whom is termed _____.
hierarchy
authority
span of control.
levels
A hierarchical organisation is one that has:
Few managers
Few layers of management
A large number of employees
A high number of layers of management
A __________ organization structure combines the elements of functional and product-based departmentalization.
Divisional
Simple
Matrix
Learning
Security Procedures at the Point of Sale is:
a. include security when handling cash and cheques
b. Include security for non-cash transactions only
c. Include security for the cash drawer only
d. Include security of all employees
Which of the following is an exchange between a buyer and a seller to an asset for payment?
marketing transaction
financial transaction
sales transaction
accounting transaction
Financial transactions are recorded by
alphabetical order
chronological order
sequential order
ID numbers
