3NA HBL 13 Feb 2023  (Mdm Zaibon)

3NA HBL 13 Feb 2023 (Mdm Zaibon)

9th - 12th Grade

40 Qs

quiz-placeholder

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3NA HBL 13 Feb 2023  (Mdm Zaibon)

3NA HBL 13 Feb 2023 (Mdm Zaibon)

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Tuan Ang

Used 2+ times

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40 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is not a trading business?

Departmental store

Medical clinic

Stationery shop

Electronic Store

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a trading business?

Hair salon

Gym

Convenience store

Laundromat

3.

MATCH QUESTION

2 mins • 1 pt

Match the correct accounting theory to its respective explanation.

Transactions should be recorded at their original cost.

Matching

The life of a business is divided into regular time intervals.

Accountity entity

Expenses incurred are matched against income earned in the same period to determine the profit.

Historical Cost

Activites of business are separated from the actions of the owner.

Accounting period

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Cash transactions refer to payment being made at the same time or _______ during a cash sales or purchases.

5.

REORDER QUESTION

1 min • 1 pt

Arrange the different stages of the accounting cycle correctly.

Adjust

Identify and record

Close

Report

6.

REORDER QUESTION

1 min • 1 pt

Rearrange the different stages of the accounting information system correctly.

Trial Balance

Financial Statements

Journal

Ledger

Source document

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A receipt ________ payment received from customers immediately after the business has sold goods or provided services.

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