228 questions at Form 3 · JCE
Most triedMost missedNewest- Tsamao specialises in teaching Commerce and Accounting. Explain how Tsamao can benefit as a teacher from specialising in Commerce and Accounting.
- State any two types of banks.
- Define the terms below.
- A business bought office furniture on credit from James Mart. Complete the table to show the effect of the transaction on assets and liabilities of t…
- State the importance of balancing off accounts.
- Describe the nature of a credit transaction.
- Complete the table to show two differences between bookkeeping and accounting.
- State any two ways in which a business may use a spreadsheet.
- State the side of a Trial Balance where rent received is recorded.
- Below is a subscriptions account for GG Club. Calculate the amount of subscription to be transferred to the income statement. Show your working.
- Answer the following about source documents.
- Mageu withdrew P200 from the bank for business use on 4 June 2023. Describe how the transaction is recorded in the Cash Book.
- State one way in which each user listed below could benefit from the accounting information of a business.
- Peter has the following balances in his business: Revenue P15 000; Bank P6 300; Accounts payables P7 100; Accounts receivables P5 400. Calculate tota…
- The information below was recorded in Jim Enterprise's books on 31 December 2022: Net assets P20 000; Opening equity 1 Jan 2022 P10 000; Drawings for…
- Below are two pictures labelled A (a teacher teaching a class) and B (a tractor ploughing a field), illustrating the stages of production. Identify t…
- Explain one way in which absenteeism could affect productivity in the work place.
- Complete the table by stating the type of trade described by the statement.
- Identify the function of a wholesaler described in each of the sentences below.
- Teto has just come up with an idea of starting a business.
- Answer the following about meetings.
- Explain one advantage that a small business would gain from using a grant as a source of finance.
- The Managing Director of a certain company involves all employees in decision making.
- Describe a factory shop selling method.
- Explain how a follow-up system benefits a business which uses direct selling method.
- State the method of credit trading described in each of the statements below.
- The Central Bank pays for loans obtained abroad by the government. What function is the Central Bank performing?
- List any two advantages of keeping financial records in a business.
- Explain one way in which a bank may use accounting information of a business.
- What type of account is a machinery account?