Holiday Online Assessment Tests Junior Secondary Category Holiday Online Assessment Test – Junior Secondary 2-3 – Business Studies (Round 1) Posted on July 21, 2018 by solaugo / 0 Comment Welcome to your Holiday Online Assessment Test JS 2-3 - Business Studies (1st Round) The most suitable means of transporting petrol is by A. air B. pipeline C. rail D. road E. water. A B C D EThe following items are entered on the debit side of a trial balance, except A. cash B. creditors. C. debtors D. loan. E. purchases A B C D EWhich of the following is not a function of a clerical staff? A. Filing of documents B. Forwarding outgoing mails C. Keeping wages and account records D Sorting and collating documents E. Writing of annual financial reports A B C D EThe service provided by the post office for clients who want their letters or parcels to arrive at the required destination within a day or two is called A. express letters. B. Money Order C. postal order. D. redelivery of letters E. registered letters A B C D ETrial balance is based on ______ entry system. A. accounting B. credit C. debit D. double E. Single A B C D EThe following are functions performed in office except_______ information. A. giving B. preventing C. processing D. receiving E. recording A B C D EThe book of account that is a prime book as well as a ledger is_________book. A. cash B. purchases day C. returns inward D. returns outward E. sales day A B C D EService as an occupation is provided by the following people, except A. doctor B. fisherman C. lawyer. D. tailor E. teacher A B C D EThe following are job attributes of a clerk, except A. loyalty B. neatness C. politeness. D. punctuality. E. tact A B C D EThe maximum number of people required to form a private limited liability company is A. 2. B. 7 C. 10. D. 20 E. 50. A B C D EA transaction affecting both the cash and bank column of the cash book is __ entry A. contra B. control C. credit D. debit E. double A B C D EA principal's office is a good example of a __ office. A. departmental B. large C. sales D. small E. ticket A B C D EA book of account for recording receipts and payments is called A. cash book B. invoice note. C. ledger account D. quotation E. voucher A B C D EThe place in an organization where a visitor receives information about the person he wants to visit is called___________ room. A. guest B. information C. reception D. strong E. visitors' A B C D EThe end point n the channel of distribution of goods is A. consumer B. manufacturer. C. middlemen. D. retailer E. wholesaler A B C D EWhich of the following is an acknowledgement of payment? A. Cash B. Cheque C. Draft D. Order E. Receipt A B C D EWhich of these is used to produce the exact copy of a document? A. Collator B. Duplicator C. Perforator D. Photocopier E. Typewriter A B C D EMr. Kuta B. opened an account with a bank in Minna and was able to withdraw his money from bank's branch in Lagos while on a business trip. This was made possible through _________ banking. A central B. commercial C. electronic D. mortgage E. universal A B C D EA complementary card usually shows the following information, except A. account number B. address. C. name D. profession. E. telephone number A B C D EThe following are columns in two column cash book, except______ A. bank B. cash. C. discount. D. folio E. particulars A B C D EThe fixed and regular payment by a client to an insurance company is called A. interest. B. levy C. premium. D. profit E. surplus A B C D EThe request slip is usually filled by the A. manager. B. messenger C. receptionist D. secretary E. visitor A B C D EThe following are examples of current assets, except A. bank. B. cash. C. debtors. D. furniture. E. stock A B C D EThe advertising medium mostly found along major roads in cities is A. Billboard B. leaflet. C. magazine D. radio E. television A B C D EWhich of these is not a duty of receptionist? A. Analyzing data B. Answering telephone calls C. Handling mails D. Keeping details of callers E. Receiving visitors A B C D ETransactions extracted from the books of XYZ Carriage inwards - N 1200 Returns Outwards - N 400 Sales - N 10500 Purchases - N 5800 What is the amount of purchases? A N 7,000 B. N 6,600 C. N 5,800 D. N 3,900 E. N 1,200 A B C D ETransactions extracted from the books of XYZ Carriage inwards - N 1200 Returns Outwards - N 400 Sales - N 10500 Purchases - N 5800 What is XYZ's gross profit? A. N 10,500 B. N 7,000 C. N 6,600 D. N 5,800 E. N 3,900 A B C D EWhich of these is a disadvantage of railway transport? A. It can cover long distance. B. Has low accident occurrence. C. Is expensive to establish. D. Is suitable for carrying bulky goods. E. Works with time schedule. A B C D EAn office that contains one or two persons only is called __________ office. A. close B. general C. large D. open E. public A B C D EIn trading account carriage inwards is added to A. closing stock. B. cost of goods sold. C. Gross profit. D. purchases. E. sales A B C D EThe commonest and simplest form of commu¬nication in postal services is A. business reply system. B. express letter C. ordinary letter D. parcel post. E. registered letter A B C D EOn 30th June 2008, A.A. Sambo bought goods for cash worth N20, 000 from Salam Publishers. The accounting entry will be; Debit A. Cash account; credit purchases account. B. Purchases account; credit Salam publisher account C. Purchases account; credit cash account D. Purchases account; credit Salam publishers account E. Salam publisher account; credit Salam publisher account A B C D EThe following are hardware, except A. C.P.U B. input device C. monitor D. operating system. E. output device A B C D EA cheque that has two parallel lines drawn on it is called _______ cheque A. blank B. crossed C. dishonoured D. open E. travellers A B C D EAnother name for imprest is A. balance. B. cash. C. float. D. surplus E. system A B C D EProfit and loss accounts prepared to show the A. cash at bank. B. gross profit. C. gross purchases D. gross sales. E. net profit or loss A B C D EThe act of giving information to the public about a product or service is called A. advertising. B. branding C. communication. D. marketing. E. selling A B C D EThese items can be regarded as petty expense, except A. brush. B. carpet. C. detergent. D. newspaper. E. stationery A B C D EFrom the data below, calculate the total fixed assets. N capital 5,000 cash in hand 1,400 stock 300 creditor 1,600 furniture 2,000 bank 1,200 debtor 500 machinery 3,200 A. N 5,600 B. N 5,200 C. N 5,000 D. N 2,000 E. N 1,800 A B C D EOne of the advantages of co-operative society is A. granting members the ability to solve problems beyond their individual means B. improper planning. C. lack of commitment on the part of elected officials D. long decision making process E. poor management of the society's resources A B C D EScore board for Holiday Online Assessment Test - Junior Secondary 2-3 - Business Studies (Round 1) Share this:TwitterFacebookWhatsAppLinkedInTelegramSkype Holiday Online Assessment Test - Junior Secondary 2-3 - Business Studies (Round 1) solaugo View all posts by solaugo → Post navigation Older postHoliday Online Assessment Test – Junior Secondary 2-3 – Creative and Cultural Arts (Round 1)Newer postHoliday Online Assessment Test – Junior Secondary 2-3 – Home Economics (Round 1) You might also like Leave a Comment Cancel replyYou must be logged in to post a comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.