Scribd
Upload
54 views3 pages

Pre Test Q4

This document contains a 20-question pre-test in entrepreneurship and accounting. It tests students on key concepts like bookkeeping, accounting terms such as debits and credits, financial statements, assets and liabilities. It also contains a classification test where students must identify accounts as assets, liabilities, capital, revenue or expenses. The pre-test was prepared by a teacher and approved by the school principal to assess student understanding before a fourth quarter entrepreneurship class.

Uploaded by

Joy Navales
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
54 views3 pages

Pre Test Q4

This document contains a 20-question pre-test in entrepreneurship and accounting. It tests students on key concepts like bookkeeping, accounting terms such as debits and credits, financial statements, assets and liabilities. It also contains a classification test where students must identify accounts as assets, liabilities, capital, revenue or expenses. The pre-test was prepared by a teacher and approved by the school principal to assess student understanding before a fourth quarter entrepreneurship class.

Uploaded by

Joy Navales
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

PRE/POST TEST

IN
ENTREPRENEURSHIP 10
FOURTH QUARTER

DIRECTIONS: Answer the questions below and choose the correct answer from the choices given. Write
your answer in a separate sheet of paper. Please do not forget to write your name, grade and section.

1. It is known as the language of business.


a. Accounting b. Bookkeeping c. Transaction d. Posting
2. It refers to recording business and event in a systematic and chronological manner.
a. Accounting b. Bookkeeping c. Liability d. Transaction
3. It is written on the left side of an account journal.
a. Debit b. Credit c. Profit d. Sales
4. It refers to the financial position of the business that shows the assets, liabilities, and owner’s
equity.
a. Financial Statement b. Balance Sheet c. Income Statement d. Journalization
5. It is the report that summarizes the revenue items, expenses and profit/ loss for the period.
a. Expenses b. Depreciation c. Income Statement d. Balance Sheet
6. Ìt refers to the things of value owned by a business.
a. Capital b. Inventory c. Cash d. Asset
7. It is the amount of merchandise sold and valued at selling price.
a. Sales b. Receivables c. Purchase d. Proprietorship
8. It refers to the amount to be collected or received from a debtor in the future or at a later date.
a. Receivables b. Net profit c. Gross profit d. Expenses
9. It consists of cash and other assets, that in the normal operations are expected to be converted
into cash.
a. Fixed assets b. Current assets c. Other assets d. All of the above
10. It is the expense balance computed from the analysis of cash payment and comparative balance
sheet data.
a. Depreciation b. Expenses items c. Revenue items d. All of the above
11. It is the amount of money that is taken from an account.
a. Debit b. Credit c. Expenses d. Revenue
12. It is the amount of money that is added to an account
a. Debit b. Credit c. Expenses d Revenue
13. In a business, two items that you must withhold from the salaries and wages of your workers.
Choose two letters.
a. Income Tax c. SSS or GSIS c. hospitalization d. Scholarship
14. Prices are determined by:
a. Cost of production c. Banks, as part of loan agreements
b. City regulations, laws and business d. Central Bank of the Philippines
15. Indicate an example of a typical fixed cost.
a. Cost of supplies to make an item b. Rent c. profit d. mailing cost of items sold

16. It is the right to an asset or property, held by a creditor or a business owner?


a. Evaluation b. Equity c. Finance d. Monitoring
17. It deals with measuring business operations variable based on the identified criteria.
a. Evaluation b. Equity c. Finance d. Monitoring
18. It is a complete process of obtaining goods and services from the operation and processing of a
requisition to receipt and approval of the invoice for payment.
a. Evaluation b. Equity c. Finance d. Procurement
19. It deals with matters related to money and the markets.
a. Evaluation b. Equity c. Finance d. Monitoring
20. It is the supervising activities in progress to ensure they are on-course and on-schedule in
meeting the objectives performance targets.
a. Evaluation b. Equity c. Finance d. Monitoring

TEST II.
Direction: Classify the following as A- Assets, L- Liabilities, C- Capital, R- Revenue, and E- Expenses.
Please write your answer in a separate sheet of paper.

Accounts Classification
1. G.M Capital
2. Land
3. Cash
4. Building
5. Accounts Receivable
6. Delivery truck
7. Service Income
8. Sales
9. Prepaid Insurance
10. Account Payable

Prepared by: Checked:

CRISTINA S. AGASANG AGUSTIN C. EULIN III


Master Teacher I Vocational Department Head

Approved:

BALTAZAR B. BULOSAN,Ed.D
Secondary School Principal IV

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy