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PES JS1 Business Studies (Objective) 3rd Term Exam 2025/2026
Contributed by: School
  • 1. Why is bookkeeping important in a business?
A) It makes workers lazy
B) It stops customers from buying
C) It increases the price of goods
D) It helps to calculate the profit or loss of the business
  • 2. Which of these shows what a business owns and what it owes?
A) Newspaper articles
B) Music notes
C) Story books
D) Bookkeeping records
  • 3. A good bookkeeper must always record figures correctly. This quality is called ______.
A) Accuracy
B) Slowness
C) Carelessness
D) Doubt
  • 4. Which of the following is an unwanted quality in a bookkeeper?
A) Honesty
B) Forgetfulness
C) Neatness
D) Punctuality
  • 5. What document is given to a buyer as proof of payment after a cash sale?
A) Diary
B) Receipt
C) Textbook
D) Timetable
  • 6. Which of these is NOT a source document?
A) Textbook
B) Invoice
C) Cheque
D) Receipt
  • 7. An invoice is used when goods are sold on _____.
A) Charity
B) Gift
C) Lottery
D) Credit
  • 8. What is a receipt?
A) An evidence of payment
B) A type of furniture
C) A shopping list
D) A bank building
  • 9. The book of original entry where daily transactions are first recorded is called a _______.
A) Balance sheet
B) Source document
C) Ledger
D) Journal
  • 10. Which of the following journals is used to record only credit sales of goods
A) General journal
B) Purchases journal
C) Sales journal
D) Cash book
  • 11. What is a source document?
A) A type of box
B) A book used to write final accounts
C) The original written evidence of a business transaction
D) A list of company work
  • 12. Which source document is used to write up the sales journal?
A) Sales invoice
B) Credit note
C) Payment voucher
D) Receipt
  • 13. What is double entry bookkeeping?
A) Writing down only what the business owns
B) Counting the money in the cash box twice
C) Recoding a transaction only once
D) Recording a transaction in two places : a debit and a credit
  • 14. Things of value owned by a business are called _____.
A) Capitals
B) Assets
C) Liabilities
D) Expense
  • 15. An increase in an expense is recorded by giving it a ________.
A) Zero entry
B) Credit entry
C) Double entry
D) Debit entry
  • 16. Costs incurred in running a business, such as paying for electricity or rent, are called ____.
A) Liabilities
B) Assets
C) Cash
D) Expense
  • 17. To record an increase in a liability, you should _____.
A) Debit it
B) Credit it
C) Divide it
D) Clear it
  • 18. How do you record an increase in an asset account
A) Subtract it
B) Ignore it
C) Credit it
D) Debit it
  • 19. The left-hand side of a ledger account is known as the______.
A) Debit side
B) Balance side
C) Capital side
D) Credit side
  • 20. The principal book of account where all transactions are finally summarized is called a ______.
A) Journal
B) Cash book
C) Bookkeeping
D) Ledger
  • 21. Accounts dealing with tangible business properties like buildings and cash are classified as _____.
A) Liability account
B) Personal account
C) Nominal account
D) Real account
  • 22. Expenses and revenues of a business are recorded under _______.
A) Real account
B) Capital account
C) Personal account
D) Nominal account
  • 23. Which ledger is used to record accounts relating to credit customers or trade debtors.
A) Sales ledger
B) General ledger
C) Private ledger
D) Purchase ledger
  • 24. All of the following are factors that influence a person’s choice of occupation except ______.
A) Watching television
B) Natural talent
C) Family background
D) Education and training
  • 25. Jobs like teaching, medical care, and legal services that provide intangible benefits are grouped under ______
A) Manufacturing
B) Extractive work
C) Service
D) Construction
  • 26. What does the term occupation mean?
A) A place where people go to sleep
B) A type of food eaten daily
C) Any work or activity a person does to earn a living
D) A game played during school breaks
  • 27. How does climate and environment affect occupation
A) People living near river are likely to become fishermen
B) It stops people from working completely
C) It forces everyone to become pilots
D) It has no effect on jobs
  • 28. Who is an entrepreneur
A) A person who works only for a monthly salary
B) A government tax collector
C) A person who buys goods just to destroy them
D) A person who organizes factors of production and takes business risks
  • 29. What is the main reward or gain for an entrepreneur after running a business successfully is ______.
A) Loss
B) Wages
C) Rent
D) Profit
  • 30. Which of the following is a key characteristic or trait of a good entrepreneu.
A) Fear of trying new things
B) Laziness
C) Running away from problems
D) Being a risk taker
  • 31. An entrepreneur brings new ideas and new ways of making goods. This trait is known as being _____.
A) Careless
B) Angry
C) Slow
D) Innovative
  • 32. Which of these is NOT a factor of production
A) Capital
B) Enterprise
C) Land
D) Labour
  • 33. Why is an entrepreneur important to society?
A) They stop economic growth
B) They close down all shops
C) They make people lazy
D) They create jobs and reduce poverty
  • 34. Why is keyboarding important in modern communication?
A) It replaces the mouse completely
B) It cools down the computer screen
C) It helps us plays loud music
D) It allows fast and efficient creation of emails, documents and messages
  • 35. What is the main reason for maintaining a correct sitting posture?
A) To make the computer
B) To look funny
C) To type with only one
D) To avoid fatigue, strain , and backaches
  • 36. Where should your feet be placed while typing.
A) Flat on the floor
B) Crossed on top of the chair
C) On top on the table
D) Dangling in the air
  • 37. How should you position your back when sitting at a keyboard?
A) Lying flat on the desk
B) Upright with your back straight against the chair
C) Slouched forward
D) Bent sideways
  • 38. What is keyboarding?
A) The process of typing text or data into device using a keyboard
B) Repairing a computer
C) Turning off the computer
D) Walking on a keyboard
  • 39. Good keyboarding skills help a student to ___.
A) Hurt their fingers
B) Break the keyboard keys
C) Waste time typing slowly
D) Save time and reduce error when working
  • 40. What is entrepreneurship?
A) Playing football on the field
B) The process of running and building a business to make profit
C) The act of sleeping
D) Reading a story book in school
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