240 questions
Most triedMost missedNewest- The principle that the insured must tell the insurer all important facts is…
- The principle that restores the insured to the same financial position as before the loss is…
- Which transport is best for carrying heavy, bulky goods such as coal over long distances inland?
- Which is an advantage of road transport?
- Which is a form of electronic communication?
- Mrs Kgosi insures her shop against fire for P200 000. A fire causes P50 000 of damage.
- The reward for enterprise is…
- Which is a disadvantage of being a sole trader?
- A partnership agreement is called a…
- A business that uses another company's name and products under licence is a…
- A business owned by the government, such as Botswana Power Corporation, is a…
- The four Ps of the marketing mix are…
- Market research that a business collects itself, using questionnaires, is…
- Which is an internal source of finance?
- A cash-flow forecast helps a business to…
- Onalenna wants to start a small car-wash business near a taxi rank in Francistown.
- On 1 June Lesedi started a business with P20 000 in the bank. On 3 June she bought a computer for P8 000 by cheque.
- Which of these shows the accounting equation?
- A business has assets of P25 000 and liabilities of P8 000. What is its capital?
- Under the double entry rule, an increase in a liability is recorded on the …
- The owner pays P5 000 of her own money into the business bank account. Which entry is correct?
- Goods are sold on credit to Kagiso for P800. Which entry is correct in the seller's books?
- Which of these is a nominal account?
- Which of these is a personal account?
- On 3 March 2024 Lesedi Stores bought goods for resale on credit from Moremi Wholesalers for P2 400.
- Classify each item as an asset, a liability, an income or an expense: (a) bank overdraft; (b) rent received; (c) delivery van; (d) wages.
- In which book of prime entry are credit purchases first recorded?
- Which source document is used to record goods returned by a customer?
- A petty cashier's imprest is P400. She spends P265 during the month. How much is she given to restore the imprest?
- Answer the following about the petty cash book.