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WorksheetsJPIA QUIZ BEE 2022
Total questions: 23
Worksheet time: 6mins
What is the longest bridge in the Philippines that connects Leyte and Samar?
Panguil Bay Bridge
Jones Bridge
San Juanico Bridge
Malagonlong Bridge
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Who created the design for the Philippine Flag?
Marcela Agoncillo
Josefina Natividad
Emilio Aguinaldo
Manuel L. Quezon
When did the COVID 19 pandemic start in the Philippines?
December 2019
January 2020
February 2020
March 2020
What is the largest organ in the human body?
Liver
Skin
Lungs
Stomach
What is the value of pi?
3.12
3.16
3.14
3.18
What is the longest river in the world?
Nile River
Red River
Mississippi River
None of the above
The basic elements directly related to the measurement of performance or results of operations are:
Financial ratios
Net income
Revenue and expenses
Sales and cost of sales
If a company receives cash from a customer before performing services for the customer, then:
Assets increase; liabilities decrease
Assets increase; equity increase
Assets increase; liabilities increase
Asset decrease; equity increase
What RA is the Philippine Accountancy Act of 2004?
RA 9163
RA 9298
RA 692
RA 1967
This is the process of converting noncash resources into cash or claims of cash.
Allocation
Recognition
Collection
Realization
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.
Liquidating concern
Business entity
Going-concern assumption
Reliability
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Who named the Philippines as Las Islas Filipinas?
Ruy Lopez de Villalobos
King Philip I
King Philip II
Ferdinand Magellan
Find the value of x; if x = (2 x 3) + 11
55
192
17
66
It was an ISIS-affiliated local terrorist froup which took over Marawi City.
Abu Sayyaf
Maute Group
NPA
Jemaah Islamiyah
How many ribs do most humans have?
24
30
16
20
Which direction does the Sun rise from?
South
East
North
West
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?
3,375
4,250
5,125
1,875
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?
136,700
113,300
125,000
101,600
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
375,000
400,000
100,000
125,000
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:
Credit Accounts Payable, P27,800
Debit Accounts Payable, P22,744
Credit Inventory, P556
Credit Cash, P27,244
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?
377,500
322,500
480,000
400,000
