Commerce and Accounting revision questions

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Cash paid into the bank is recorded in a two-column cash book as …Multiple choiceJCEThe cash book and bank reconciliation
Discount allowed is recorded in the cash book on the …Multiple choiceJCEThe cash book and bank reconciliation
A credit balance in the bank column of the cash book means …Multiple choiceJCEThe cash book and bank reconciliation
On 1 May 2024 Neo's cash book showed cash P300 and bank P1 800. During May: May 4 received P450 cash from a customer; May 9 paid rent P900 by cheque;…StructuredJCEThe cash book and bank reconciliation
A trader's cash book shows a debit bank balance of P2 000. The bank statement shows bank charges of P50 and a credit transfer from a customer of P300…StructuredJCEThe cash book and bank reconciliation
On which side of a trial balance is the capital account balance shown?Multiple choiceJCEThe trial balance and errors
Which balance appears on the debit side of a trial balance?Multiple choiceJCEThe trial balance and errors
A trial balance agrees. Which error could still be in the books?Multiple choiceJCEThe trial balance and errors
State two limitations of a trial balance.StructuredJCEThe trial balance and errors
Gross profit is calculated as …Multiple choiceJCEFinal accounts
Opening inventory P800, purchases P5 000, closing inventory P1 300. What is the cost of sales?Multiple choiceJCEFinal accounts
Carriage inwards is treated as …Multiple choiceJCEFinal accounts
Which item belongs under non-current liabilities?Multiple choiceJCEFinal accounts
Thato's business had revenue of P30 000, cost of sales of P18 000 and expenses of P7 500.StructuredJCEFinal accounts
A club's subscriptions are P50 a member per year. It has 60 members. At the year end, 5 members had not paid.StructuredJCEFinal accounts
Which accounting concept says assets are recorded at what they cost?Multiple choiceJCEInterpreting accounts
Which concept says only things that can be measured in money are recorded?Multiple choiceJCEInterpreting accounts
The dual aspect concept means every transaction …Multiple choiceJCEInterpreting accounts
Which is an advantage of using accounting software?Multiple choiceJCEInterpreting accounts
Name two users of accounting information and say what each uses it for.StructuredJCEInterpreting accounts
Closing equity is P40 000, opening equity P30 000, drawings P6 000 and no new capital. What was the profit for the year?Multiple choiceJCEFinal accounts
A business bought a delivery van for P120 000. It is expected to last 5 years with no scrap value.StructuredJCEDepreciation
Which principle of insurance requires you to tell the insurer all important facts?Multiple choiceJCEInsurance
Indemnity means the insured person …Multiple choiceJCEInsurance
Which form of transport is best for carrying large quantities of copper from Selebi-Phikwe to Durban port?Multiple choiceJCETransport
Which of these is informative advertising?Multiple choiceJCEAdvertising and consumer protection
A country's balance of trade is …Multiple choiceJCEHome and foreign trade
Which is a function of the Bank of Botswana?Multiple choiceJCEMoney and banking
Botswana exports beef to the European Union.StructuredJCEHome and foreign trade
Explain two advantages of using email for business communication.StructuredJCECommunication

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