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