HBEL 8 Business Studies

HBEL 8 Business Studies

1st - 5th Grade

10 Qs

quiz-placeholder

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HBEL 8 Business Studies

HBEL 8 Business Studies

Assessment

Quiz

Business

1st - 5th Grade

Easy

Created by

Obande Obande

Used 1+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An invoice can also be referred to as a ____.

Payment Voucher

Sales bill

Tax receipt

Business letter

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The purpose of a source document is to ____.

Increase business expenses

Avoid tax payments

Hide financial transactions

Serve as a proof of transaction

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One key advantage of bookkeeping is that it ____.

Encourages fraudulent activities

Makes tax filing difficult

Ensures a business can track financial progress

Prevents financial growth

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best defines a source document?

A document used to make financial decisions

A document that records an employee’s attendance

An original document that provides evidence of a transaction

A document used for making office notes

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A credit note is used when ____.

A customer is making a payment

Goods are returned to the supplier

A new order is placed

A business closes

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is NOT a quality of good bookkeeping?

Accuracy

Consistency

Dishonesty

Transparency

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A cheque is said to be CROSSED when:

It is hand written

It is titled in red ink

It is not written legibly enough

It has 2 parallel lines drawn on it

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