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SUMMER TERM BUSINESS STUDIES YEAR 8 REVISION BOOK

Total questions: 90

Worksheet time: 57mins

Name
Class
Date
1.

Which of the following transactions should be entered in the Petty Cash Book?

a)

Salary payments

b)

Stock issued

c)

Subscriptions

d)

Travelling expenses

2.

A book of account used to record small payments is known as the ……

a)

Cash book

b)

Petty cash book

c)

Sales daybook

d)

Ledger book

3.

The source document used with to write up the petty cash book is …..

a)

Receipt

b)

Cheque stub

c)

Debit Note

d)

Voucher

4.

The method for controlling and recording the petty cash is called the

a)

Petty Cash Book

b)

Cash Payments Journal

c)

Cash Book System

d)

Imprest System

5.

The first column of the petty cash book is

a)

Date

b)

Receipt

c)

Particulars

d)

Total

6.

The Petty Cash Book is balanced

a)

Weekly

b)

Fortnightly

c)

Monthly

d)

Any of the above

7.

Which of the following transactions should be entered in the Petty Cash Book?

a)

Salary payments

b)

Stock issued

c)

Subscriptions

d)

Travelling expenses

8.

A petty cashier started his imprest system with =N=900, by the end of the week his payment Voucher is =N=730. How much will he be reimbursed?

a)

=N=600

b)

=N=800

c)

=N=1630

d)

=N=730

9.

Which of these expenses would you find in the petty cash book?

a)

Bought office typwriter

b)

bought motor van

c)

paid salaries and wages

d)

bought stamp

10.

Who maintains the petty cash book

a)

Accountant

b)

Main Cahsier

c)

Petty Cashier

d)

Supervisor

11.

If the float given to the petty cashier is $200 and $190 was spent during the period, how much is the balance? _____

a)

$10

b)

$200

c)

$190

d)

$390

12.

If the float given to the petty cashier is $200 and $190 was spent during the period, how much should be reimbursed at the end of the period? _______

a)

$190

b)

$200

c)

$10

d)

$390

13.

Cash book is a form of:

a)

(a) Trial Balance

b)

(b) Ledger

c)

(c) Journal

d)

(d) All of the above

14.

If the debit and credit aspects of a transaction are recorded in the cash Book it is a:

a)

(a) Contra entry

b)

(b) Simple entry

c)

(c) Double entry

d)

(d) Single entry

15.

In three column Cash Book, when does contra entry occurs?

a)

(a) Withdrawal of cash from bank

b)

(b) Payment to creditors

c)

(c) Withdrawal of cash from bank for personal use

d)

(d) all of the above

16.

Which of the following is recorded on debit side of cash book?

a)

(a) Cash Sales

b)

(b) Drawings

c)

(c) Credit Sales

d)

(d) Cash Purchases

17.

Postage stamps purchased for ₹ 30 by business. This transaction will be recorded in:

a)

(a) Purchase book

b)

(b) Cash Book

c)

(c) Petty Cash Book

d)

(d) Journal

18.
The single column cash book records all ……... transactions of the business
a)
cash
b)
bank
c)
cash and bank both
d)
any of cash or bank
e)
savings bank
19.
Cash book records ………… receipts and payments.
a)
cash
b)
credit
c)
cash and credit both
d)
either cash or credit
e)
neither cash nor credit
20.

Which type of cash book includes the discount columns?

a)

2- Column Cash Book

b)

4-Column Cash Book

c)

General Cash Book

d)

3-Column Cash Book

21.

What type of discount is given to a customer that pays their bill in a specified period of time?

a)

Trade Discount

b)

Five Finger Discount

c)

Cash Discount

d)

None of these

22.

A 2-Column Cash Book has 2 money columns as follows:

a)

One for discount allowed and discount received

b)

One for Cash and the other for bank

c)

One for Cash receipt and the other cash payment

d)

One for Bank receipt and the other discount received

23.

Paid staff in cash $275

a)

Debit

b)

Credit

24.

J. Scott paid us in cash $900

a)

Debit

b)

Credit

25.

O. Hardy pays us $6000 by cheque

a)

Debit

b)

Credit

26.

Cash Sales $116

a)

Debit

b)

Credit

27.

Withdrew cash from bank for business use $250

a)

Debit

b)

Credit

c)

Both sides

28.

D. Clarke pays us by cheque $100

a)

Debit

b)

Credit

29.

Bought stationery paying by cheque $90

a)

Debit

b)

Credit

30.

Received $1690 by cheque from D. Fisher

a)

Credit

b)

Debit

31.

The book of original entry in which all cash and bank transactions are recorded is called the ______

a)

cash book

b)

purchases book

c)

journal

d)

ledger

32.

________ is an allowance given for buying goods in bulk.

a)

Cash

b)

Trade discount

c)

Cash discount

d)

Transaction

33.

________ an allowance given for quick payment of an account owing.

a)

Cash

b)

Trade discount

c)

Cash discount

d)

Transaction

34.

True or False. The discount allowed is entered on the debit side of the cash book.

a)

True

b)

False

35.

True. False. The Discount received is entered on the debit side of the cash book.

a)

True

b)

False

36.

Discount column on the debit side of the cash book represents to __________ .

a)

Discount Received

b)

Discount Allowed

37.

A contra entry is when _______

a)

cash is paid out to a supplier

b)

   cash is used for business purposes

c)

   a double entry is done in the cash book

d)

the owner takes money for personal use

38.

Which of the following is recorded on the credit side of the Cash Book?

a)

(a) Cash Sales

b)

(b) Credit Purchases

c)

(C) Dividend Received

d)

(d) Salary paid

39.

Which of the following transactions are recorded in cash book?

a)

(a) Cash transactions only

b)

(b) Credit transactions only

c)

(c) Cash and credit transactions only

d)

(d) All of the above

40.

Which of the following is recorded on debit side of cash book?

a)

(a) Cash Sales

b)

(b) Drawings

c)

(c) Credit Sales

d)

(d) Cash Purchases

41.

2. The balance of cash column of cash book never shows a:

a)

(a) Credit Balance

b)

(b) Debit Balance

c)

(c) None of the above

d)

(d) All of the above

42.

If Rita sells goods for cash, it will be recorded in

a)

Sales book

b)

Purchases book

c)

Cash book

d)

Journal proper

43.

The Cash Book is usually balanced on a __________ basis.

a)

weekly

b)

monthly

c)

yearly

d)

all of them

44.

“Tea and bread” will be recorded in the _____________ section of the petty cash book.

a)

Postage & Internet

b)

Stationery

c)

Transportation

d)

Sundry

45.

“Taxi fare” will be recorded in the ______________ section of the petty cash book.

a)

Postage & Internet

b)

Transportation

c)

Stationery

d)

Sundry

46.

“Taxi fare” will be recorded in the ______________ section of the petty cash book.

a)

Postage & Internet

b)

Transportation

c)

Stationery

d)

Sundry

47.

“Purchase of recharge card” will be recorded in the ___________ section of the petty cash book.

a)

Postage & Internet

b)

Transportation

c)

Stationery

d)

Sundry

48.

The closing balance is shown as

a)

By balance c/d

b)

By balance b/d

c)

To balance c/d

d)

To balance b/d

49.

Which of these expenses would you find in the petty cash book?

a)

Bought office typwriter

b)

bought motor van

c)

paid salaries and wages

d)

bought stamp

50.

The following are things on Ledger except

a)

c/d

b)

a/c

c)

Bal b/d

d)

l&l

51.

What is this?

a)

It is a stapler

b)

It is a sticky note

c)

It is a copy machine

52.

What is this?

a)

It is a stapler

b)

It is a copier

c)

It is a chair

53.

What is a hole punch?

a)
b)
c)
d)
54.

How do you write this?

a)

C-A-L-C-U-L-A-T-R-I-C-E

b)

C-A-L-C-U-L-A-D-O-R

c)

C-A-L-C-U-L-E-I-T-O-R

d)

C-A-L-C-U-L-A-T-O-R

55.

Listen how the person spells the word and choose the right image.

a)

Cleps

b)

Klips

c)

Claps

d)

Clips

56.

What do you use to cut?

a)
b)
c)
d)
57.

Choose the sheets of paper.

a)
b)
c)
d)
58.

Choose the right image for Sticky notes

a)
b)
c)
d)
59.

Where do you have to insert the health insurance card?

a)

Cart port

b)

card reader port

c)

printer

60.

.... needs a refill sometimes.

a)

A holepunch

b)

A paper clip

c)

A printer cartridge

61.

You use a ... when the patients need a sick note.

a)

printer

b)

photocopier

c)

scanner

62.

You can use ... to attach sheets of paper together.

a)

staples

b)

paper clip

c)

sellotape

63.

When patients need a new appointment, you can write date and time on...

a)

a prescrption

b)

an appointment card

c)

a sick note

64.

What is this?

a)

sticky notes

b)

ballpoint pen

c)

sellotape

65.

A .... printer can be used for marking medication or dangerous substances in your surgery.

a)

marker

b)

label

c)

etiquette

66.

What is this?

a)

Folder

b)

File

c)

Note pad

67.
Which piece of office equipment will turn documents into electronic files? 
a)
Photocopier
b)
Laptop
c)
Scanner
d)
Laminator
68.

The __ is not a party in the payment of a cheque.

a)

payee

b)

drawer

c)

drawee

d)

accountant

69.

__ means steps involved in the performance of office work.

a)

Procedures

b)

Office ethics

c)

Official work

d)

Office procedures

70.

__ helps in efficient and effective performance of office duties.

a)

Office clerk

b)

Office procedure

c)

Record taking

d)

Production

71.

__ issued to the buyer to acknowledge cash payment.

a)

Bank draft

b)

Bill

c)

Invoice

d)

Receipt

72.

__ which of the following is a modern machine used for preparing, bills, invoices and receipts?

a)

Computer

b)

Abacus

c)

Adding machine

d)

Typewriter

73.

Which of the following is not an importance of office procedure?

a)

It helps to reduce the general cost of running an organization

b)

It can be used to train a new staff

c)

It can be used to secure a loan

d)

It helps to increase the level of productivity

74.

Which of the following is not one of the parties to a cheque?

a)

Drawer

b)

Arbitrator

c)

Drawee

d)

Payee

75.

Two of the modern devices used for preparing bills, invoices and receipts are _ and _.

(a)  

76.

_ is a document issued by a service provider to cover the cost of the services rendered to a customer.

a)

Catalogue

b)

Invoice

c)

Bill

d)

Receipt

77.

POS means ..... ,..... and .....

a)

Point of Sales Machine

b)

Point of Seller Machine

c)

Point of Sold Machine

d)

Point of Solar Machine

78.

What is an Email?

a)

Electric Mail

b)

Electronic Mail

c)

Easy Mail

d)

Electronic Message

79.

What is CC ?

a)

Carbon Copy

b)

Cubic Centimeter

c)

Carbon Copier

d)

None of these

80.

Which one of the following is an example of an Email ID?

a)

www.example.com

b)

example@com

c)

example@gmail.com

d)

example.co.in

81.

What does "Subject" mean in an Email?

a)

A person or thing that is being discussed, described.

b)

A branch of knowledge studied or taught in a school.

c)

A short summary of its content.

d)

All of these

82.

Where are the incoming emails stored?

a)

Drafts

b)

Incoming Mail

c)

Spam

d)

Inbox

83.

The spammed emails are stored in __________ folder.

a)

Trash

b)

Junk

c)

Spam

d)

Sent

84.

The deleted Emails are stored in _________ folder.

a)

Spam

b)

Inbox

c)

Drafts

d)

Trash

85.

You click on Compose when you want to.

a)

Write a new email

b)

Delete an email

c)

Send an email

d)

Receive an email

86.

Which of the following is NOT included in the heading of a memorandum?

a)

To

b)

Date

c)

Address

d)

Subject

87.

What are the 4 headings to a memo? (IN ORDER)

a)

FROM, DATE, TO, SUBJECT

b)

SUBJECT, TO, DATE, FROM

c)

TO, FROM, DATE, SUBJECT

88.

The word memo is short for ____.

a)

memory

b)

memoir

c)

memorable

d)

memorandum

89.
A short message from person to another in the same business or organization.
a)
Memo
b)
Letter
c)
Report
d)
Spreadsheet
90.
Memos have no salutation line and no signature area at the end.
a)
True
b)
False

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