Business Studies Examination Questions For JSS2 | 1st, 2nd And 3rd Term 2023/2024 | webemtech
SUBJECT: BUSINESS STUDIES
CLASS: JSS 2
The following can be insured except (a) motor vehicle (b)life (c)goods (d)gambling
The branch of commerce which safeguards the risks of business is (a)transportation (b)advertising (c)barking (d)insurance
The regular money paid by the insured to the insurance company is called —- (a)profit (b)currency (c)divided (d)premium
The importance of insurance to a business man is (a)loan granting (b)awareness of products (c)contact facility (d)risk relief
All the following are the main type of advertisement except (a)persuasive (b)direct (c)competitive (d)management
A transaction involving both the cash and bank, column of the cash book is —– entry (a)double (b)credit (c)debit (d)control
A good book keeper should have the following qualities except being (a)rough (b)neat (c)accurate (d)honest
On which side of cash book is a case received in an organization usually recorded (a)debit (b)credit (c)folio (d)amount
Business Studies Examination Questions For JSS2 | 1st, 2nd And 3rd Term 2023/2024
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When cash is withdraw from bank for office use the book keeper will —- (a)debit cash and credit bank (b) debit cash and credit cash (c)credit cash and debit bank (d)credit cash and bank
Which column of cash book is for recording description of transaction (a) particular (b)amount (c)date (d)folio
The following is a disadvantages of insurance (a)dodging compensation (b)capital for reinvestment (c)means of saving (d)tax relief on insured amount
Cash, bank involvement in transaction is example of —- (a)single column (b)double column (c)three column (d)petty cash
—- is define as the principal book in which account are recorded (a)trial balance (b)ledger (c) journal (d)cash book
Real impersonal account include the following except (a)building (b)income (c)machinery (d)stock
Nominal account includes the following except (a)income (b)furniture (c)rent (d)rate
One of these is division of ledger (a)sale account (b)sales ledger (c)ledge account (d)cross ledger
Ledger can be classified into —- ledger (a) internal and formal (b)personal and impersonal (c) proper and improper (d)incoming and coming
The following are items in double column in cash book (a)bank (b)discount allow (c)cash (d)amount
The arrangement between the insurance company and the insured is called —- insurance (a)policy (b)premium (c)invoice (d)cover
The money paid periodically to the insurance by the insured is called —- (a)premium (b)interest (c)dividend (d)commission
On which side of the cash book is cash record by an organization usually recorded? (a)debt (b)credit (c)amount (d)folio
Date
Particular
Folio
Cash
Bank
Date
Particular
Folio
Cash
Bank
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Business Studies Examination Questions For JSS2 | 1st, 2nd And 3rd Term 2023/2024
The above is an example of a —– cash book (a) single column (b)three column (c)four column (d)double column
Which one of the following is the correct order of the column in a two column cash book (a) date, particular, folio, cash, bank (b)date, folio, particular, bank, cash (c)date, folio, particular, bank, cash (d)folio, particular, date, cash, bank
When cash is withdrawn from bank for office use the book keeper will —- (a)debit cash and credit bank (b)credit cash and bank (c)debit and bank (d)credit cash and debit bank
Which column of the cash book is for recording description of transaction (a)particular (b)amount (c)date (d)discount
Money used for small expense in an office is called — (a)imprest (b)advance (c)loan (d)overdraft | webrmtech
The amount with a petty cashier starts his imprest system of account is the (a)float (b)restoration (c)balance (d)reimbursement
The document frequently used by the petty cashier is the — (a)voucher (b)teller (c)cheque (d)invoice
A good book keeper should have the following qualities except being — (a) rough (b)fast and accurate (c)neat (d)honest
—— is the monthly or periodic payment to retired walkers (a)wages (b)cleverness (c)charges (d)pension
Business Studies Examination Questions For JSS2 | 1st, 2nd And 3rd Term 2023/2024 SECTION B
answer 3 questions in all
1). Enter the following transaction cash book to Mr. Louise for the month of July 2021 |Bing
July 1 Started a retail business with N10,000 cash
July 6 Bought goods with N1000 by cash from David
July 7 Deceived N500 cash in respect of sales
July 11 Paid the following expenses in cash stationaries N100 fueling N150
July 13 Paid N300 to leventis stares
July 16 Bought bicycle by cash N5,000
July 18 Receive a cash loan of N3,000 from Mr. Odey
July 24 Bought goods worth N800 by cash
July 30 Paid sales girl salary of N300
2). Explain the following
i). Pension scheme
ii). Health Insurance scheme
iii). Insurance Police
3). Define ledger
b). List two classes of ledger
c). List four examples of nominal account
4). Explain personal account of ledger
b). List items of the ledger
c). State four division of ledger
5). Draw diagram showing the classification of ledger accounts
6). Define petty cash book
b). Explain cash book
c). List items of three column cash book
JSS1 Business Studies Examination Questions | 1st, 2nd And 3rd Term hu
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