JSS2 Business Studies

_____________ is a legal contract that protects people from the financial costs that result from loss of life, loss of health, lawsuits, or property damage.

• Insurance

• Agriculture

• Receipt

• Cheque

The petty cash book is usually put in the care of a clerk called a ______________

• Mother

• Receptionist

• Manager

• Petty Cashier

Another name for sales ledger is _________

• Debtors' ledger

• Account number

• Normal ledger

• Account book

Petty means _________

• Large

• Fat

• Big

• Small

An entry on the right side of a ledger is called a ____________ entry

• Credit

• Direct

• Account

• Indirect

The book concerned with the receipt and payment of money both by cash and cheque is called a ______________

• Cash book

• Cheque

• Teller

• Receipt

_____________ relates to assets, Liabilities, incomes and expenses.

• Impersonal accounts

• Personal accounts

• Real accounts

• Nominal accounts

Personal accounts are the accounts in which transactions with persons or other businesses and organisations are recorded.

• True

• False

• Maybe

• I am not sure

The left side of a ledger is called the _____________

• Debit side

• Folio

• Amount

• Date

_____________ is a form of vehicle insurance

• Third party vehicle insurance

• Ship insurance

• Burglary insurance

• Water insurance