228 questions at Form 3 · JCE
Most triedMost missedNewest- Define the following terms.
- Complete the table by stating each type of small scale retailer described.
- Neo is a carpenter in a table manufacturing company. He normally produces 10 tables per hour. Neo fell sick and was hospitalised for a month. He retu…
- List any two features of each of the business units stated below.
- State any two negative effects business activities might have on the physical environment.
- Answer the following about consumer protection.
- David is a leader who leaves all the decision making on the hands of the workers.
- Explain one reason why promotional technique should be included in a market research.
- Define the term casting vote in relation to a meeting.
- State and explain one factor which can enable an entrepreneur to run a successful business.
- Answer the following.
- Name an accounting concept which states that the financial affairs of a business should be separated from the financial affairs of the owner.
- Complete the table using the words debit or credit to show the double entry rule for assets.
- James bought a motor van on credit from XYZ Motors for P50 000 on 31 June 2020. Describe how this transaction is recorded in the books of James.
- Bame, a trader, had Assets P1 000, Liabilities P700 and Capital P300 on 30 September 2020. On 1 October, Bame paid a creditor P200 by cash. Complete …
- A business received rent of P1 500 cash on 2 May 2020. Describe how this transaction is recorded in the business books.
- State the use of the following columns in a Three Column Cash Book.
- Give any two reasons for preparing a Trial Balance.
- State the section under which trade payables are recorded in a Statement of Financial Position.
- Below is an extract of John's Cash Book on 30 June 2020.
- What term is used by clubs and societies as an equivalent term for profit for the year in trading businesses?
- On 31 October 2020, John's Cash Book showed a debit balance of P1 200. On checking the Cash Book against the Bank Statement, it was discovered that t…
- Define the following phrases.
- Match the given factors of production with their rewards. Entrepreneurship → profit (done for you). Factors: land, labour, capital. Rewards: interest…
- Answer the following about business documents.
- Name two types of business organisations which are likely to stop their operations when the owner dies.
- State the section under which the start-up costs are recorded in a business plan.
- Bone bought an electric stove on credit. The terms of the sale: cash price P3 500; deposit P350; interest P200. He was allowed to pay the balance in …
- Describe strengths as used in SWOT analysis.
- Answer the following about credit trading.
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