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FAD Exam 1

Total questions: 10

Worksheet time: 4mins

Name
Class
Date
1.

How much does UniDav Hospital charge for Check Replacement Fee?

a)

Free

b)

PhP100.00

c)

PhP150.00

d)

USD150.00

2.

Who is the Chairman of the Board of Directors of UniDav Hospital?

a)

Dr. Ningtokhoungjang I. Singh

b)

Dr. Ninghtoukhongjam I. Sing

c)

Dr. Ningthoukhongjam L. Singh

d)

Dr. Ningthoukhongjam I. Singh

3.

This is known as the most liquid asset.

a)

Water

b)

PNSS

c)

Cash

d)

Cash Advance Subject to Liquidation

4.

In Accounting, what is the meaning of PPE?

a)

Property, Plant, and Equipment

b)

Personal Protective Equipment

c)

Post-Partum Epilepsy

d)

Pay Per Echos

5.

What is the accounting equation?

a)

Assets = Liabilities + Capital + Net Profit

b)

Assets = Liabilities - Kupit + Capital

c)

Cash + Income = Profit

d)

Assets = Liabilities + Capital

6.

Which of the following is not an asset?

a)

Inventory

b)

Fixed Asset

c)

Receivable

d)

Liability

e)

Prepayments

7.

A person who treats an illness is called a/an _________

a)

Albularyo

b)

Disney Princess

c)

Doctor

d)

Director

8.

Which of the following is a legitimate way of increasing capital?

a)

Caps Lock Key

b)

5-6

c)

Stock Subscription

d)

Kupit

e)

Gambling

9.

Which BIR Form Number is issued to suppliers to support the deductions for Expanded Withholding Taxes?

a)

2307

b)

2316

c)

0605

d)

0619

10.

Which one is not an effect of making a payment to a supplier?

a)

It reduces cash balance.

b)

It causes seizures.

c)

It reduces liability.

d)

It reduces number of signed corporate checks on hand.