Hello Welcome to the SS1 1st Term Evaluation Test – Book keeping – FREE Access (20 Questions ONLY) 1. You will attempt 20 objective questions for 10 minutes. If the time allocated (10 minutes) elapsed, assessment exercise will end and result will be displayed immediately on the screen. 2. You cannot change your answer after selection. Be sure before you select your answer. 3. Your score, questions attempted, selected answers and correct answers will be displayed on the screen after submission. A printable copy of your performance report will be emailed to your email address inbox immediately after submission. Make sure to input a working email address inside the text below. 4. You are strongly advised to work on your own. Fill the form below as they will appear on your result sheet and Click the Next Button to Begin Full Name: Name of School: email address: 1. [ Books of Original Entry ]Which of these is not an item in a nominal account?A. AdvertisementB. DebtorsC. General expensesD. Insurance A B C D2. [ Introduction to Bookkeeping ]The art of recording business transactions on a daily basis in the appropriate books is referred to asA. accounting.B. auditing.C. bookkeeping.D. data processing. A B C D3. [ Concepts and Conventions ]The accounting equation isA. assets = liabilities + capital.B. assets liabilities - capital.C. liabilities = assets ± capital.D. capital = assets + liabilities. A B C D4. [ Introduction to Bookkeeping ]The act of recording business transactions in a systematic manner is referred to asA. debitB. credit.C. bookkeeping.D. cashbook. A B C D5. [ Books of Original Entry ]An example of a book of prime entry is a ______A. trial balance.B. bank statement.C. general journal.D. control ledger. A B C D6. [ Introduction to Bookkeeping ]Adeola Omojesu received cash of N20,000 from Deolamats. Which account is to be debited and which one is to be credited?A. Credit Cash account with N20,000 at Deolamats account with N20,000B. Credit Deolamats account with N20,000 and debit cash account with N20,000C. Debit Adeola Omojesu’s account with N20,000 and credit Deolamats’ account with N20,000D. Debit cash account with N20,000 and credit Adeola Omojesu’s account with N20,000 A B C D7. [ Introduction to Bookkeeping ]The difference between assets and liabilities is _____A. accountingB. bookkeepingC. capitalD. credit A B C D8. [ Introduction to Bookkeeping ]A credit balance in Agbeke’s account shows that Agbeke is aA. business woman.B. creditor.C. debtor.D. partner. A B C D9. [ Concepts and Conventions ]A person to whom money is owed isA. a debtor.B. an acceptor.C. a creditor.D. a donor A B C D10. [ Books of Original Entry ]The principle of double entry states that “For everyA. debit entry, there must be a corresponding credit entry”.B. debt there must be a debtor”.C. giver there must be a corresponding receiver”.D. receiver there must be a corresponding giver”. A B C D11. [ Introduction to Bookkeeping ]The document sent by the seller to the customer to effect returns of goods isA. credit note.B. invoice.C. waybill.D. debit note. A B C D12. [ Introduction to Bookkeeping ]Which of these is not an advantage of control account?A. Errors are easily discoveredB. Frauds are easily detectedC. Revealing the current assets and current liabilitiesD. Saves timeE. Total debtors and creditors are easily ascertained A B C D13. [ Introduction to Bookkeeping ]Which of the following books is regarded as the principal book of account?A. LedgerB. Petty cash bookC. CashbookD. Journal A B C D14. [ Introduction to Bookkeeping ]Items owned by a business that have money value are known as _______A. capitalB. liabilitiesC. assetsD. cash A B C D15. [ Concepts and Conventions ]The accounting concept that states that revenue and profit should not be recognized until they are earned isA. realization concept.B. matching concept.C. cost concept.D. dual aspect concept A B C D16. [ Introduction to Bookkeeping ]A document that is sent from the seller to the buyer at a particular lime showing the accounts of the buyer is referred to asA. account document.B. bank statement.C. receipt booklet.D. statement of account. A B C D17. [ Concepts and Conventions ]A subsidiary book is also known asA. an analysis book.B a book of prime entry.C. a ledger account.D. a book of contra entries. A B C D18. [ Concepts and Conventions ]Properties which are bought for permanent use in a business are classified asA. current assets.B. wasting assets.C. fixed assets.D. intangible assets. A B C D19. [ Books of Original Entry ]The Books of Prime entry is referred to as Books ofA. account.B. keeping cash entries.C. ledger.D. original entry. A B C D20. [ Books of Original Entry ]Which of the following is not a book of original entry?A. Returns Inwards BookB. Returns Outwards BookC. Journal ProperD. Bank Statement A B C DHello , Good to know you finished before allocated time (10 Minutes) elapsed. You may wish to check on any missed questions using the previous button, otherwise, you may submit by clicking the submit button. Categories: 0 Comments Leave a Reply Cancel reply You must be logged in to post a comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.