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JSS ONE Book-keeping is the process of recording business transactions in a:	A) Diary B) Ledger C) Notebook D) Letter	optionB
The main purpose of book-keeping is to:	A) Decorate business records B) Record financial transactions C) Spend money D) Hire workers	optionB.
Book-keeping helps a business to know:	A) The weather B) Its profit or loss C) The names of all customers only D) The owner’s age	optionB.
A person who keeps business records is called a:	A) Lawyer B) Book-keeper C) Doctor D) Farmer	optionB.
One advantage of book-keeping is that it:	A) Causes confusion B) Helps in decision-making C) Stops sales D) Removes customers	optionB.
Book-keeping records are useful when a business wants to:	A) Hide information B) Know how much it owes and is owed C) Avoid taxes D) Close down	optionB
Which of the following is a business transaction?	A) Singing B) Buying goods on credit C) Playing football D) Sleeping	optionB.
A good book-keeping system should be:	A) Accurate B) Confusing C) Slow D) Hidden	optionA.
Book-keeping records are mainly kept in:	A) Plates B) Books C) Bags D) Boxes	optionB.
One reason for keeping business records is to:	A) Waste time B) Prevent fraud C) Reduce income D) Increase arguments	optionB.
Book-keeping is important because it shows:	A) The business position B) The owner’s clothes C) The school timetable D) The weather forecast	optionA.
A business record of daily transactions is called:	A) A novel B) An account C) A poem D) A story	optionB.
The information in book-keeping is used by:	A) Managers B) Teachers only C) Drivers only D) Tailors only	optionA.
Book-keeping helps to compare:	A) Clothes and shoes B) Income and expenses C) Books and pens D) People and places	optionB.
A transaction should be recorded:	A) After many years B) Immediately C) Never D) Only by the police	optionB.
Which of these is not a purpose of book-keeping?	A) Keeping financial records B) Showing business performance C) Helping in planning D) Cooking food	optionD.
Book-keeping is a part of:	A) Accounting B) Geography C) Literature D) Physics	optionA.
The records kept in book-keeping are mainly for:	A) Entertainment B) Future reference C) Sports D) Decoration	optionB.
A business owner uses records to know:	A) Whether the business is growing B) Which song is best C) How to dance D) The time of rain	optionA.
The book-keeper should be:	A) Careless B) Honest C) Lazy D) Secretive	optionB.
Book-keeping provides information for:	A) Planning and control B) Cooking and cleaning C) Playing and dancing D) Traveling	optionA.
Which one is a benefit of book-keeping?	A) It creates confusion B) It helps business growth C) It destroys records D) It hides income	optionB.
A transaction means:	A) Business activity involving money B) A song C) A game D) A school subject	optionA.
Book-keeping records are important in case of:	A) Arguments and disputes B) Cooking C) Painting D) Sleeping	optionA.
The best description of book-keeping is:	A) Writing stories B) Recording business transactions C) Drawing pictures D) Counting trees	optionB.
A source document is a document that shows:	A) A school fee receipt B) Evidence of a transaction C) A story D) A drawing	optionB.
Which of these is a source document?	A) Invoice B) Novel C) Calendar D) Letter box	optionA.
A receipt is issued when:	A) Goods are stolen B) Money has been paid C) Goods are lost D) A mistake is made	optionB.
An invoice is usually prepared by the:	A) Seller B) Buyer C) Teacher D) Doctor	optionA.
A receipt shows:	A) Goods bought on credit B) Payment made C) School attendance D) Daily weather	optionB.
A debit note is sent to:	A) Praise the seller B) Notify the seller of returned goods or overcharge C) Borrow money D) Pay wages	optionB.
A credit note is sent to:	A) Reduce the amount owed by a buyer B) Increase profit C) Pay rent D) Buy stationery	optionA.
The purpose of source documents is to:	A) Hide business records B) Provide evidence for transactions C) Replace money D) Increase prices	optionB.
A special journal is used to record:	A) All business stories B) Specific types of transactions C) Only salaries D) Only cash gifts	optionB.
The journal used for recording credit sales is:	A) Cash book B) Sales journal C) Purchases journal D) Petty cash book	optionB.
The journal used for recording credit purchases is:	A) Sales journal B) Purchases journal C) General journal D) Receipt book	optionB.
The cash book records:	A) Only cash transactions B) Only credit transactions C) Only salaries D) Only profits	optionA.
A special journal helps to:	A) Waste time B) Save time C) Confuse records D) Avoid documents	optionB.
Which of the following is not a source document?	A) Invoice B) Receipt C) Credit note D) Balance sheet	optionD.
A sales return is recorded in the:	A) Sales returns journal B) Cash book C) Wage book D) Ledger only	optionA.
A purchase return is recorded in the:	A) Purchases returns journal B) Sales journal C) Receipt book D) Petty cash book	optionA.
Source documents are important because they:	A) Prove that transactions took place B) Replace bookkeeping C) End business D) Hide errors	optionA.
A special journal is also called a:	A) Day book B) Story book C) Song book D) Maths book	optionA.
The primary book where source documents are first recorded is the:	A) Journal B) Exercise book C) Receipt book D) Calendar	optionA.
Which source document is used when goods are sent back to the seller?	A) Invoice B) Debit note C) Receipt D) Cheque	optionB.
Which source document is used when the seller reduces the buyer’s debt?	A) Credit note B) Receipt C) Invoice D) Order form	optionA.
A cheque is used to:	A) Pay through the bank B) Measure goods C) Record stock D) Write a letter	optionA.
A purchase order is sent by the:	A) Seller B) Buyer C) Bank manager D) Teacher	optionB.
A special journal is used mainly in:	A) Book-keeping B) Farming C) Cooking D) Drawing	optionA.
The document that gives details of goods sold and amount due is:	A) Receipt B) Invoice C) Pay slip D) Time table	optionB.
Double entry book-keeping means every transaction has:	A) One effect B) Two effects C) Three effects D) No effect	optionB.
The two sides of double entry are:	A) Left and right B) Debit and credit C) Top and bottom D) Income and profit	optionB.
Every debit entry must have a corresponding:	A) Story B) Credit entry C) Receipt D) Invoice	optionB.
The main rule of double entry is:	A) One account is affected B) Two accounts are affected C) No account is affected D) Only cash is affected	optionB.
Assets are normally:	A) Debited when increased B) Credited when increased C) Ignored D) Destroyed	optionA.
Expenses are normally:	A) Credited when increased B) Debited when increased C) Never recorded D) Written in pencil only	optionB.
Income is normally:	A) Debited when increased B) Credited when increased C) Deleted D) Hidden	optionB.
A liability is normally:	A) Debited when increased B) Credited when increased C) Not recorded D) Treated as stock	optionB.
The account that shows the amount owed to a business is:	A) Debtor’s account B) Creditor’s account C) Rent account D) Cash account	optionA.
The account that shows the amount the business owes others is:	A) Assets account B) Creditor’s account C) Capital account D) Sales account	optionB.
The book where all double entry records are posted is:	A) Ledger B) Cash drawer C) Notebook D) Receipt file	optionA.
A journal is used for:	A) First recording of transactions B) Final preparation of food C) Storing stock D) Computing rainfall	optionA.
In the accounting equation, assets = liabilities +:	A) Expense B) Capital C) Sales D) Drawings	optionB.
The person who owns the business provides:	A) Capital B) Rent C) Credit note D) Receipt	optionA.
Drawings mean:	A) Money taken from business for personal use B) Goods sold to customers C) Profit made D) Stock purchased	optionA.
Drawings reduce:	A) Capital B) Sales C) Rent D) Stock only	optionA.
If goods are bought for cash, the cash account is:	A) Debited B) Credited C) Ignored D) Cancelled	optionB.
If goods are sold for cash, the cash account is:	A) Debited B) Credited C) Closed D) Balanced only	optionA.
The purpose of double entry is to:	A) Record one side only B) Keep accurate records C) Avoid transactions D) Stop business growth	optionB.
A trial balance is prepared to:	A) Show if debit and credit totals agree B) Sell goods C) Write receipts D) Buy stock	optionA.
If a business buys goods on credit, which accounts are affected?	A) Cash and bank B) Purchases and creditor C) Rent and sales D) Capital and drawings	optionB.
The account of the owner’s investment is called:	A) Capital account B) Salary account C) Bank account D) Purchase account	optionA.
When the owner withdraws money, it is recorded in:	A) Drawings account B) Sales account C) Wages account D) Stock account	optionA.
A transaction must be recorded in:	A) One account only B) At least two accounts C) No account D) A school book	optionB.
The double entry system was developed to:	A) Create confusion B) Improve accuracy in records C) Replace business D) Reduce sales	optionB.
Keyboarding is the skill of using a:	A) Piano B) Keyboard C) Drum D) Calculator only	optionB.
Keyboarding is important in:	A) Communication B) Farming C) Wrestling D) Sewing only	optionA.
The keyboard is used mainly with a:	A) Computer B) Chalkboard C) Bucket D) Television only	optionA.
Touch typing means typing:	A) Without looking at the keys B) With two hands only C) Very slowly D) Using one finger only	optionA.
The home row keys on a keyboard include:	A) ASDF and JKL; B) QWERTY only C) Numbers only D) Space bar only	optionA.
Good posture while keyboarding helps to:	A) Cause pain B) Reduce fatigue C) Slow typing D) Damage eyes	optionB.
Which of these is a typing aid?	A) Space bar B) Hammer C) Ruler D) Eraser	optionA.
Keyboarding helps in:	A) Preparing letters and reports B) Growing crops C) Catching fish D) Making shoes	optionA.
The key used to create a blank space is:	A) Enter key B) Space bar C) Shift key D) Tab key	optionB.
The key used to start a new line is:	A) Enter key B) Ctrl key C) Alt key D) Tab key	optionA.
The Shift key is used to type:	A) Small letters only B) Capital letters and symbols C) Numbers only D) Spaces only	optionB.
A keyboard is an example of:	A) Input device B) Output device C) Storage device D) Power supply	optionA.
One advantage of keyboarding is:	A) It improves speed B) It destroys documents C) It increases mistakes D) It wastes paper	optionA.
The function of keyboarding in business communication is to:	A) Send handwritten letters only B) Prepare neat documents C) Remove records D) Stop printing	optionB.
Which of the following is a communication tool?	A) Keyboard B) Axe C) Hoe D) Spade	optionA.
The Tab key is commonly used to:	A) Move the cursor forward a set distance B) Turn off the computer C) Delete all text D) Print a file	optionA.
Which finger is often used for the space bar?	A) Thumb B) Little finger C) Index finger D) Ring finger	optionA.
Keyboarding is useful for typing:	A) Letters B) Invitations C) Reports D) All of the above	optionD.
Accuracy in keyboarding means:	A) Typing with many errors B) Typing correctly C) Typing randomly D) Typing loudly	optionB.
Speed in keyboarding means:	A) Typing fast B) Typing slowly C) Typing carelessly D) Typing with no letters	optionA.
A computer keyboard is divided into:	A) Number and letter areas B) River and land areas C) Morning and evening areas D) School and home areas	optionA.
The keys used to type letters are called:	A) Alphabet keys B) Control keys C) Function keys D) Arrow keys	optionA.
Keyboarding skill is improved by:	A) Practice B) Sleeping C) Shouting D) Eating only	optionA.
The arrow keys are used to:	A) Move the cursor B) Print documents C) Save money D) Open files only	optionA.
Keyboarding is an important business skill because it helps in:	A) Effective communication B) Farming C) Fishing D) Hunting	optionA.
JSS TWO What is insurance?	A) A way of saving only for food B) A protection against possible loss C) A type of shop D) A method of transport	optionB
The money paid to an insurance company is called:	A) Profit B) Salary C) Premium D) Dividend	optionC
Which of these is an example of insurance?	A) Buying a chair B) Fire insurance C) Hiring a bike D) Borrowing money	optionB
Insurance helps a business to:	A) avoid all risks B) recover from losses C) stop trading D) increase taxes	optionB
What do we call the person or business covered by insurance?	A) Insured B) Accountant C) Broker D) Customer	optionA
Which risk can be insured against?	A) Death of all people at once B) Fire damage C) The sun rising D) Breathing air	optionB.
An insurance company is also called a:	A) Insurer B) Producer C) Seller D) Importer	optionA
A policy is:	A) A type of tax B) An insurance contract C) A shop receipt D) A business license	optionB
One benefit of insurance is that it:	A) increases risk B) gives compensation after loss C) destroys property D) stops production	optionB
Insurance against theft is called:	A) Life insurance B) Burglary insurance C) Marine insurance D) Crop insurance	optionB
Marine insurance protects against loss of:	A) land buildings B) goods in water transport C) school books D) office chairs	optionB
Life insurance protects against loss caused by:	A) fire B) sickness only C) death D) rain	optionC
Which of the following is not a type of insurance?	A) Health insurance B) Fire insurance C) Travel insurance D) Market insurance	optionD
Distribution means:	A) making goods B) moving goods to consumers C) repairing goods D) advertising only	optionB
A person who buys goods in large quantities and sells to retailers is a:	A) Consumer B) Wholesaler C) Manufacturer D) Tailor	optionB
A retailer sells goods:	A) to final consumers B) only to factories C) only to wholesalers D) only to exporters	optionA
One function of a wholesaler is to:	A) produce raw materials B) buy in bulk and sell in smaller quantities C) stop goods from moving D) control government policy	optionB
The chain through which goods move is called:	A) production line B) distribution channel C) bank chain D) trade union	optionB
Which of these is a direct channel of distribution?	A) Producer to consumer B) Producer to wholesaler to retailer C) Producer to agent to wholesaler D) Producer to broker to retailer	optionA
The person who helps to link buyers and sellers is called a:	A) agent B) teacher C) farmer D) customer	optionA
Transportation is important in distribution because it:	A) keeps goods in the factory B) moves goods from one place to another C) makes goods expensive only D) reduces production	optionB
Storage in distribution helps to:	A) destroy goods B) keep goods until needed C) increase taxes D) reduce demand	optionB
One advantage of wholesalers is that they:	A) sell goods directly to farmers only B) help retailers get goods easily C) stop market competition D) remove packaging from goods	optionB
Retailers are important because they:	A) sell directly to consumers B) make all products C) import only D) lend money	optionA
Distribution helps goods to reach:	A) only the factory B) final users C) the bank D) the warehouse only	optionB
Which one is not part of distribution?	A) Transport B) Storage C) Selling D) Cultivation	optionD
A licensed chemical vendor is a person who:	A) sells only food items B) sells approved chemicals with a license C) repairs radios D) makes shoes	optionB
A license is important because it:	A) allows illegal trading B) gives permission to operate legally C) removes all taxes D) stops customers from buying	optionB
Chemicals should be sold by licensed vendors because chemicals can:	A) be very cheap always B) be dangerous if wrongly handled C) never affect health D) be used only in schools	optionB
Which of these is a responsibility of a licensed chemical vendor?	A) Mix all chemicals together B) Store chemicals safely C) Sell expired chemicals D) Hide products from customers	optionB
A chemical vendor should keep chemicals:	A) near food items B) in unsafe open places C) safely labelled D) on the floor	optionC
The purpose of licensing chemical vendors is to:	A) reduce safety B) protect the public C) increase accidents D) stop trade	optionB
Which authority often gives a business license?	A) A football club B) Government agency C) A customer D) A farmer	optionB
A licensed vendor should not sell chemicals to:	A) trained users only B) people who misuse them dangerously C) licensed institutions D) approved buyers	optionB
One danger of buying chemicals from unlicensed vendors is that the chemicals may be:	A) original and safe B) fake or harmful C) cheaper only D) colourful only	optionB
Chemical containers should be properly labelled to show:	A) food price B) contents and instructions C) only the colour D) the shop name only	optionB
Which of the following is a chemical?	A) Sugar B) Soap C) Battery acid D) Bread	optionC
A licensed chemical vendor should avoid:	A) keeping records B) safe storage C) selling expired products D) wearing protective gear	optionC
Why is record keeping important for chemical vendors?	A) It helps to know stock and sales B) It wastes time only C) It stops customers D) It reduces labels	optionA
Financial institutions are organisations that deal in:	A) farming only B) money and credit C) transport only D) manufacturing only	optionB
A bank is a financial institution that:	A) sells only clothes B) accepts deposits and gives loans C) produces oil D) repairs machines	optionB
Saving money in a bank is useful because it:	A) makes money unsafe B) keeps money secure C) destroys money D) increases theft	optionB
A loan is:	A) money borrowed and repaid later B) money given as a gift C) money lost in business D) money used to buy food only	optionA
Which of these is a financial institution?	A) Supermarket B) Cooperative society C) Bakery D) Petrol station	optionB
An ATM is used to:	A) cook food B) withdraw cash C) sew clothes D) wash cars	optionB
The interest paid on a loan is:	A) the amount borrowed only B) extra money paid for using borrowed money C) a tax on food D) a discount	optionB
A cooperative society helps members to:	A) steal money B) save and borrow together C) avoid banking forever D) close their businesses	optionB
Which institution gives credit to businesses?	A) Bank B) Cinema C) Hotel D) Market stall	optionA
One advantage of using financial institutions is that they:	A) make money disappear B) provide safe keeping for money C) reduce business needs D) stop trade	optionB
A fixed deposit account is money:	A) withdrawn every hour B) kept in the bank for a period to earn interest C) spent immediately D) hidden in a box	optionB
A cheque is used to:	A) cook food B) make payment through a bank C) wash plates D) store grain	optionB
Which of the following is not a function of a bank?	A) accepting deposits B) giving loans C) keeping money safe D) producing goods	optionD
Financial institutions help the economy by:	A) reducing savings B) moving money to useful areas C) stopping businesses D) increasing waste	optionB
An entrepreneur is a person who:	A) refuses to take risks B) starts and manages a business C) only works in a bank D) sells only to family members	optionB
Entrepreneurship involves:	A) business creation and risk-taking B) only reading books C) only farming D) only borrowing money	optionA
One quality of a good entrepreneur is:	A) laziness B) creativity C) dishonesty D) fear of work	optionB
A business plan is important because it:	A) wastes time B) guides business activities C) stops customers D) removes competition	optionB
Risk-taking in business means:	A) avoiding all decisions B) accepting possible loss in order to make gain C) refusing to sell goods D) closing the shop	optionB
An entrepreneur must be:	A) irresponsible B) disciplined C) careless D) shy about work	optionB
Which of these is a small business?	A) A local kiosk B) A national airport C) A government ministry D) A large dam	optionA
A successful entrepreneur should be good at:	A) planning B) sleeping in class C) wasting resources D) ignoring customers	optionA
What is innovation?	A) copying without change B) introducing new ideas or methods C) closing a shop D) refusing competition	optionB
Which of the following is an entrepreneurial skill?	A) communication B) fighting C) cheating D) hiding goods	optionA
The reward for entrepreneurial risk is called:	A) loss B) profit C) debt D) tax	optionB
An entrepreneur should be able to identify:	A) only problems B) business opportunities C) only debts D) only school rules	optionB
A business opportunity is:	A) a chance to start or expand a business B) a law court case C) a school timetable D) a sports event only	optionA
Which of these can create a business opportunity?	A) customer need B) sleep C) noise D) unemployment only	A
A person who discovers a business opportunity should first:	A) ignore it B) study the market C) close the shop D) borrow from everyone	optionB
The market is important in business because it shows:	A) who wants the product B) where to sleep C) how to stop trade D) how to destroy goods	optionA
Which of the following is a good business opportunity?	A) Selling bottled water in a dry area with many people B) Selling snow in a desert C) Opening a shop where nobody passes D) Selling only broken items	optionA
Demand means:	A) people wanting and buying goods B) goods being very old C) business failure D) a type of transport	optionA
Supply means:	A) people asking questions B) goods available for sale C) money in the bank only D) a school subject	optionB
A business opportunity should be analysed to know if it is:	A) risky and costly only B) profitable and possible C) imaginary only D) illegal and useless	optionB
Which of these is a source of business ideas?	A) customer complaints B) sleeping all day C) quarrels D) laziness	optionA
A person who sells cold drinks near a football field is using a business opportunity from:	A) weather and crowd presence B) a bank loan only C) school rules D) government office	optionA
A good business opportunity should match:	A) the seller’s skill and market need B) only luck C) only age D) only a school uniform	optionA
One way to find a business opportunity is to:	A) observe problems in the community B) ignore customers C) waste money D) close one’s eyes	optionA
Which of these is not a business opportunity?	A) Selling snacks near a school B) Repairing phones in a busy town C) Providing water in a thirsty area D) Refusing to serve customers	optionD
A consumer is a person who:	A) produces goods only B) buys and uses goods and services C) grows crops only D) transports goods only	optionB
One consumer right is the right to:	A) be cheated B) safety C) pay extra unknowingly D) hide complaints	optionB
Consumers have the right to be informed about:	A) product details B) secret prices only C) shop owners’ private life D) weather reports only	optionA
The right to choose means consumers can:	A) buy only one item forever B) select from different goods C) refuse all products in the world D) force sellers to close	optionB
A consumer responsibility is to:	A) misuse products B) pay for goods bought C) damage goods before paying D) lie to sellers	option
Consumers should keep:	A) receipts and warranties B) broken items only C) food wrappers only D) empty bottles only	optionA
Which of these is a consumer responsibility?	A) demanding free goods always B) using products properly C) hiding faults forever D) abusing sellers	optionB
A consumer has the right to complain when goods are:	A) safe and good B) defective or expired C) well packed D) affordable	optionB
Consumers should not:	A) compare prices B) read labels C) damage shop property D) ask questions	optionC
Which body may help protect consumers?	A) consumer protection agency B) football club C) music band D) transport route	optionA
The right to redress means the consumer can:	A) get justice for a wrong B) avoid shopping forever C) change the weather D) increase prices	optionA
Consumers should buy goods that are:	A) expired B) safe and suitable C) hidden D) unlabeled	optionB
Shopping means:	A) buying goods and services B) producing only C) borrowing only D) importing only	optionA
A receipt is important because it serves as:	A) a purchase proof B) a toy C) a transport ticket D) a tax form only	optionA
One good shopping habit is to:	A) buy without comparing prices B) check quality before buying C) ignore expiry dates D) pay without asking questions	optionB
After-sales service means:	A) services given after a product is sold B) goods sold before payment C) buying from a friend D) giving discounts only	optionA
Which of these is an after-sales service?	A) Repairing a faulty product B) Cooking food C) Packing goods D) Counting money	optionA
A warranty is a promise to:	A) destroy the product B) repair or replace a faulty item within a period C) increase the price later D) stop the customer from returning goods	optionB
Why should shoppers check the expiry date?	A) to know the colour only B) to avoid buying spoiled goods C) to make shopping longer D) to reduce money	optionB
Good customer service encourages:	A) customer satisfaction B) arguments only C) losses always D) fear of shopping	optionA
A seller gives home delivery as part of:	A) after-sales service B) raw material supply C) production D) taxation	optionA
Which of these helps a shopper make a wise choice?	A) Impulse buying without checking quality B) Comparing prices and checking labels C) Ignoring the shop assistant D) Buying expired goods	optionB

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