WorksheetsSUMMER TERM BUSINESS STUDIES YEAR 7 REVISION BOOK
Total questions: 80
Worksheet time: 39mins
An invoice should be prepared for a customer when
the customer requests for it.
goods are sold.
the office is ready.
an enquiry is made.
Documents prepared immediately after a transaction takes place is called
first document
source document
open document
transaction
Sandra bought some snacks from Genesis and paid with his Debit/ATM card. This type of transaction is a
cash transaction
credit transaction
card transaction
consumer transaction
The current account holder who issues a cheque is known as the
payee
drawee
drawer
issuer
Documents that provide first-hand information on transactions are called
open documents
source documents
transaction documents
consumer documents
A cheque has
three parties
two parties
four parties
five parties
A staff who wishes to obtain authorization for payment will present
Invoice
cheque
voucher
receipt
The two types of transactions are
cash and credit transaction
cash and card transaction
credit and card transaction
cash and online transaction
One of the uses of source documents is that it
helps in identifying troublesome customers
identifying the source of all problems in a business
helps in analyzing business activities.
attracting more buyers
Which of these is NOT a use of source documents?
They act as proof to show that the transaction recorded in the books of accounts occurred.
They help in the preparation of the financial statements.
They provide better internal control and reporting.
The help in determining loyal customers
Which of these is NOT a source document?
receipt
statement of account
deposit slip
visitor's register
A document sent from a seller to a buyer when the buyer has been undercharged is called
debit note
deduction note
access note
credit note
A document is sent by a supplier to a buyer when the buyer has been overcharged is called
credit note
advance note
debit note
access note
Which of these source documents is printed in red
debit note
invoice
statement of account
credit note
Jane is a current account holder with Access Bank. She issues a cheque of #500,000 to Jackson. From the statement above, the drawee is __________
Jane
Access Bank
Jackson
#500,000
Jane is a current account holder with Access Bank. She issues a cheque of #500,000 to Jackson. From the statement above, the payee is __________
Access Bank
Jane
#500,000
Jackson
Jane is a current account holder with Access Bank. She issues a cheque of #500,000 to Jackson. From the statement above, the drawer is __________
#500,000
Jackson
Access Bank
Jane
When a customer paid cash for goods a/an ___________ is issued by the business.
Invoice
credit note
debit note
Receipt
Identify the book of prime entry to post credit sales.
Cash book
sales day book
purchases day book
sales returns day book
The Sales Journal is commonly known as . . .
a sales invoice.
the sales daybook.
the sales ledger.
None of the above.
What does the purchases journal record?
Credit Sales
Cash Purchases
Credit Purchases
Cash Sales
What does the Sales Journal record?
Credit Sales
Credit Purchases
Cash Sales
Cash Purchases
____are books in which the information from source documents is first recorded
Journals
Trade books
Log book
Account
Mr. Tammy bought goods from Sokari without immediate payment, therefore, Tammy is a ________
creditor
customer
debtor
trader
The double entry principle states that for every debit entry, there must be a corresponding ______ entry
balance
debit
credit
account
Damaged goods returned to the suppliers are first recorded in the
cash book
sales return book
purchases return book
cash register
The abbreviation 'Cr' in bookkeeping means
controller
carry over
credit
conductor
A good returned to a supplier is classed as?
Return Inward
Sale
Purchases
Return Outward
The total in sales journal will be posted into which account in general ledger?
Sales ledger
Sales account
Purchase account
Sales return account
The total in purchase journal will be posted into which account in general ledger?
Purchase return account
Sales account
Purchase ledger
Purchase account
Journal is called a book of
(a) primary entry
(b) secondary entry
(c) final entry
(d) none of the above
Business transactions are recorded
(a) in chronological order
(b) weekly
(c) at the end of the month
(d) all of these
Nominal accounts are related to ?
(a) assets and liabilities
(b) expenses and incomes
(c) customers and creditors
(d) none of these
Bought office furniture by cheque $1500
Credit Bank / Debit Office Furniture
Debit Office Furniture/Credit Bank
Bought motor van paying by cheque $6000
Debit Motor Van/Credit Bank
Debit Bank/ Credit Motor Van
Paid the amount owing to Planers Ltd $7500 by cheque
Debit Bank/Credit Planers Ltd.
Debit Planers Ltd/ Credit Bank
Received $600 cash from J. Walker
Debit Cash / Credit J. Walker
Debit J. Walker/Credit Cash
Bought more machinery by cheque $2800
Debit Bank/Credit Machinery
Debit Machinery/Credit Bank
Took $500 out of the bank and put it into the cash till.
Debit Cash/Credit Bank
Debit Bank/Credit Cash
Sold office machinery for cash
Debit Cash/Credit Office Machinery
Debit Office Machinery/Credit Cash
Put 14000 cash into the bank.
Debit Cash/Credit Bank
Debit Bank/Credit Cash
The business owner, Jack invested $9000 into the business bank account. What is the double entry to record this transaction?
Debit Bank and Credit Capital
Debit Capital and Credit Bank
Debit Capital and Credit Jack
Debit Jack and Credit Bank
Sold equipment by cash $700. What is the double entry to record this transaction?
Debit Cash and Credit Sales
Debit Cash and Credit Equipment
Debit Equipment and Credit Cash
Debit Sales and Credit Equipment
Bought a computer by cash $2500. What is the double entry to record this transaction?
Debit Computer and Credit Cash
Debit Cash and Credit Computer
Debit Cash and Credit Purchases
Debit Purchases and Credit Cash
Sold goods on credit to Mark. What is the double entry to record this transaction?
Debit Cash and Credit Sales
Debit Mark and Credit Sales
Debit Sales and Credit Mark
Debit Cash and Credit Sales
Bought goods worth $4000 on credit from Ben. What is the double entry to record this transaction?
Debit Purchases and Credit Cash
Debit Cash and Credit Purchases
Debit Ben and Credit Purchases
Debit Purchases and Credit Ben
Jack withdrew goods worth $500 from the business for his personal use. What is the double entry to record this transaction?
Debit Goods and Credit Jack
Debit Jack and Credit Drawings
Debit Drawings and Credt Purchases
Debit Purchases and Credit Drawings
Bought computers worth $3000 on credit from Computers Ltd. What is the double entry to record this transaction?
Debit Cash and Credit Computers
Debit Computers and Credit Cash
Debit Computers Ltd and Credit Computers
Debit Computers and Credit Computers Ltd
Sold old computers worth $1500 by cheque. What is the double entry to record this transaction?
Debit Computers and Credit Cash
Debit Computers and Credit Cheque
Debit Bank and Credit Computers
Debit Computers and Credit Bank
Returned goods worth $200 to Ben. What is the double entry to record this transaction?
Debit Ben and Credit Purchases Return
Debit Purchases Return and Credit Ben
Debit Cash and Credit Purchases Return
Debit Purchases Return and Credit Cash
Keyboarding is....
Using a keyboard to operate a computer
a computer program or software
another way to playing a piano
when you attach a piece of cardboard to a key
Where should your feet be when keyboarding?
curled around the chair leg
flat on the floor
ankles crossed in front of your chair
one leg in chair, the other on the floor
When keyboarding what is your goal thaht we are reaching for?
Key slowly with less mistakes
Key with speed with less mistakes
Key with speed with a lot of mistakes
Key slowly with a lot of mistakes
Where should your eyes be when typing?
staring at the keyboard
watching your fingers
looking at the computer screen or monitor
Correct keyboarding posture requires that the body be...
slightly to the right of the keyboard
leaning over the keyboard
upright in front of the keyboard leaning over with back straight and feet flat on the floor
leaning back in the chair with arms reaching for the keyboard
Which of these is NOT a proper keyboarding technique?
good posture
finger on home row
wrists flat on the table
eye on copy or screen
What is the name of the row that your fingers should rest on?
Number row
Home row
Function row
Bottom row
For correct keyboarding, what is the placement of fingers on the HOME Row
Left hand on a-s-d-f and right hand on j-i-y-o
Left hand on q-w-e-r and right hand on u-i-o-p
Left hand on z-x-c-v and right hand on g-h-j-k
Left hand on a-s-d-f and right hand on j-k-l-;
What keys make up the starting position of your hands on a standard keyboard?
QWER UIOP
ASDF JKL;
ZXCV M,./
Press this key to open the Save as window in Microsoft Word.
F12
F11
F10
F9
Save a File
ALT+F4
CTRL+A
CTRL+S
CTRL+L
Select All Text
CTRL+Y
CTRL+B
CTRL+C
CTRL+A
Eating food and drinking near the computer can NOT cause damage.
True
False
If your computer is overheating (too hot) choose ALL answers that can cause overheating.
Dust in the computer
The computer is on a bed or cushion that blocks the vents
The computer is on a table
The computer is in direct sunlight or in the sun
Why is the floor not a suitable (good) place for a computer?
The floor lets dust get into the computer
The floor is sticky
The floor is not a hard surface
After transaction information has been recorded in the journal, it is transferred to the
trial balance.
income statement.
book of original entry.
ledger.
process of recording daily business transactions; only one part of the accounting process
bookkeeping
loss
accounting
management accounting
4. Which of the following is a task of the bookkeeper?
A. Prepares and provides on going report
B. Focus on the analysis of financial data
C. Provides overview of bookkeeping process
D. Assist with key financial planning decisions
8. Who is a person whose job is to keep records of the financial affairs of a business.?
A. Accountant
B. Bookkeeper
C. Marketer
D. Seller
Identify the image
a computer
a typewriter
a keyboard
a printer
