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WorksheetsACCOUNTING AND GENERAL KNOWLEGE QUIZ BEE
Total questions: 10
Worksheet time: 2mins
1. The Conceptual Framework can override requirements in a Standard.
True
False
Under this model of recognizing PPE, a PPE is carried at its cost less any accumulated depreciation and any accumulated impairment loss.
REVALUATION MODEL
DEPRECIATION MODEL
NRV MODEL
COST MODEL
Items owned by a business that have money value are known as:
Liabilities
Owner's Equity
Assets
When an action arise from civil liability which is the consequence of a criminal offense
Quasi- delicts
Quasi-contract
Delicts
Torts
Carriage inwards is charged to the trading account because:
It is an expense connected with buying goods
It should not go in the balance sheet
Carriage outwards goes in the profit and loss account
It is not part of motor expenses
At what IQ score (or above) is a person classified as gifted?
120
130
150
160
What is the symbol for potassium?
(a)
What is the 2nd largest country in the world (by land area)?
Russia
China
Canada
India
Which Avenger is the only one who could calm the Hulk down?
(a)
How many letters are in the Classical Greek Alphabet?
26
24
17
20
