BECE Business Studies 2013 Paper 1 Past Questions

The art of keeping accounts in a regular and systematic manner is called

In which of the following books is the day to day transaction of a business recorded?

A cheque drawn must contain the following information except

Profit and loss account is the account that determine the __________ of an organization

Which of the following machines can be used to produce the exact copy of a document?

Banking and transportation are examples of _________ trade

Gross profit or loss are determined in the ____________

A shredding machine is used for

Which of these is an accounting equation?

Sources of capital for partnership business include the following except

Accounts such as Rent Discount received, Discount allowed, insurance and interest can be jointly classified as ___________ accounts

One of the features of a good office is _______________

The telephone service provided internally in an organization is called

The amount used in starting up a business is called

Which of the following is not necessary in visitors’ book

The place where buyers and seller meet to sell goods is called

	N		N
Opening stock	3500	Sales	10000
Add purchase	3500
Cost of Goods Availabe	5000
Less Closing Stock	4000
Gross profit	Xxxx
	10000		10000

What is the gross profit?

The following are expected of receptionist EXCEPT

The following are recorded on the credit side of profit and loss account EXCEPT

An established method used in performing office duties is known as office

The selling of goods to the highest bidder is known as

When cash transaction is made __________ is issued as an evidence of payment

Those who buy in large quantities from producer are called

The document that set-out the full details of goods sent by the supplier to the buyer is called

The following are factors to be considered in setting up an office EXCEPT

Which of the following is the oldest form of business organization?

The account used for recording differences in a trial balance is called _________ account

A document which shows details of workers’ pay is called

The type of life assurance policy which is taken up for specific period of time at death is called _____________

The following are columns on a petty cash book EXCEPT

Preparation of payments vouchers is the responsibility of ______ in the office.

A document that contains the exact term of the agreement between the insurer and the insured is called insurance

Which of these is not a source of document for preparing cash book?

An office equipment is referred to as a/an ________ to worker in the office

The following are advertising media EXCEPT

A petty cash system is based on an imprest of N1200 a month. If the petty cashier is left with a balance of N470; how much will he be reimbursed?

Which of the following office equipment can store, retrieve and process information?

The payment made to the shipper for the unoccupied spaces in the ship is called

A credit sale should be entered in

The following are methods of classifying files EXCEPT

On opening a savings account, the customer is given a

Inability to face competition is a disadvantage of

Which of these is a current asset?

The department responsible for processing staff salaries is __________ department

Bank allow current account holders to withdraw more than what they have through system called

Trial balance is a list of balance extracted from ________ accounts

Reception office is usually located near

The most expensive means of transporting passengers and goods from Yola to Lagos is by

Which of eh following is not one of the use of journal?

An envelop sealing machine is most likely to befound in