wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

JPIA QUIZ BEE 2022

Total questions: 23

Worksheet time: 6mins

Name
Class
Date
1.

What is the longest bridge in the Philippines that connects Leyte and Samar?

a)

Panguil Bay Bridge

b)

Jones Bridge

c)

San Juanico Bridge

d)

Malagonlong Bridge

2.

EASY ROUND: BEST OF LUCK AND GOD BLESS PLAYERS!

a)

Proceed!

b)

Let's get started!

c)

Continue right away!

d)

We are ready!

3.

Who created the design for the Philippine Flag?

a)

Marcela Agoncillo

b)

Josefina Natividad

c)

Emilio Aguinaldo

d)

Manuel L. Quezon

4.

When did the COVID 19 pandemic start in the Philippines?

a)

December 2019

b)

January 2020

c)

February 2020

d)

March 2020

5.

What is the largest organ in the human body?

a)

Liver

b)

Skin

c)

Lungs

d)

Stomach

6.

What is the value of pi?

a)

3.12

b)

3.16

c)

3.14

d)

3.18

7.

What is the longest river in the world?

a)

Nile River

b)

Red River

c)

Mississippi River

d)

None of the above

8.

The basic elements directly related to the measurement of performance or results of operations are:

a)

Financial ratios

b)

Net income

c)

Revenue and expenses

d)

Sales and cost of sales

9.

If a company receives cash from a customer before performing services for the customer, then:

a)

Assets increase; liabilities decrease

b)

Assets increase; equity increase

c)

Assets increase; liabilities increase

d)

Asset decrease; equity increase

10.

What RA is the Philippine Accountancy Act of 2004?

a)

RA 9163

b)

RA 9298

c)

RA 692

d)

RA 1967

11.

This is the process of converting noncash resources into cash or claims of cash.

a)

Allocation

b)

Recognition

c)

Collection

d)

Realization

12.

Accounting concept that assumes a business will remain in business, has a long-term business objecting, and will not be going out of business soon.

a)

Liquidating concern

b)

Business entity

c)

Going-concern assumption

d)

Reliability

13.

Average round, are you ready?

a)

YES

b)

SUPER YES

c)

KABADO PERO GO!!

d)

LAVARN!

14.

Who named the Philippines as Las Islas Filipinas?

a)

Ruy Lopez de Villalobos

b)

King Philip I

c)

King Philip II

d)

Ferdinand Magellan

15.

Find the value of x; if x = (2 x 3) + 11

a)

55

b)

192

c)

17

d)

66

16.

It was an ISIS-affiliated local terrorist froup which took over Marawi City.

a)

Abu Sayyaf

b)

Maute Group

c)

NPA

d)

Jemaah Islamiyah

17.

How many ribs do most humans have?

a)

24

b)

30

c)

16

d)

20

18.

Which direction does the Sun rise from?

a)

South

b)

East

c)

North

d)

West

19.

At the end of 2018, ABC firm had P1,500 of supplies on hand. Supplies worth P2,750 were bought in 2019. There were P875 worth of goods on hand as of the end of 2019. What amount should ABC firm charge to supplies expense for 2019?

a)

3,375

b)

4,250

c)

5,125

d)

1,875

20.

ABC Clinic had a net asset (capital) of 125,000. 11,700 in account payable was settled. What is ABC's net asset's current balance?

a)

136,700

b)

113,300

c)

125,000

d)

101,600

21.

ABC Company’s total assets amounted to P500,000. Twenty-five (25) percent corresponds to the owner's claims. Therefore, ABC Company's liability is

a)

375,000

b)

400,000

c)

100,000

d)

125,000

22.

P30,000 worth of products were bought under the conditions 2/10, n/30. Consequently, P2,200 worth of product was returned before payment was made within the discount period. To record the payment, the journal entry will include:

a)

Credit Accounts Payable, P27,800

b)

Debit Accounts Payable, P22,744

c)

Credit Inventory, P556

d)

Credit Cash, P27,244

23.

The total assets of ABC firm are P480,000 of which P90,000 is accounts receivable. Subsequently P22,500 of accounts receivable was collected. What is the new balance of its total assets?

a)

377,500

b)

322,500

c)

480,000

d)

400,000