JSS Business Studies Paper I 2018

The process of making goods and service available to the consumers is called……….

The two main divisions of trade are

Which of the following activities and commerce by keeping goods until they can be sold?

A Nigeria business man who buys goods from Ghana and re-export them to South Africa is engaged in….. trade

One of the soundless means of communication used in the olden days is………

The buying, selling and distribution of goods is categorized under…………. occupation

The form of business unit which has a minimum of two and maximum of twenty people is…………

Shareholders are the owners of……….

A place where verity of products are made available for the purpose of buying and selling is called……..

The following are factors that make people to lie in business except

Civil servants are engaged in………

Which of the following facilitates that supply of goods in the market?

The main reason why an individual engages in business is to …….

The person that commits his Financials resources to enjoy a product is called?

Unlawful breaking into ones property with the intention of committing crime can be compensated under……………insurance.

Which of the following chemical characteristics is suitable for home use?

The buying and selling of goods and services between two or more people within a particular country is called…………..trade

The compensation given to the insured or assured for suffering a loss is called?

The following procedures to be considered when making decision on needs and wants except

The following are rights of the consumer, except the right to……………..

The favourable condition of an external environment which can be exploited by an entrepreneur is referred to as…………..

The agency in charge of protecting consumers from fake and substandard goods in Nigeria is …………….

A customer who wants to keep his money in the bank with the intension of withdrawing it after a specific period of time can make use of…………. Account

The meeting point for buyers and sellers of old securities is…..market.

An awareness carried out to get the attention of a particular segment of the market is called ………………advertisement

The following are factors to be considered before granting loan to a customer except

Which of the following is not a necessity of life?

One of the advantages of road transportation over air transport is that it

Which of the following is a feature of market?

A credit facility granted by First Bank of Nigeria Plc to customer to withdraw beyond his credit balance is known as………….

Books of original entry are also knowns as ……………

Which of the following is the reason for petty cash system? Is to ……

The following columns can be found in petty cash book account except

What is the amount of Net profit?

The total current assets is……………

The amount of debtors is……………

Which of the following columns is not part of journal?

Which of the following columns records all payment made by cheque?

The initial amount used in starting a business is known as……

The following are divisions of assets except…………

Ledger is divided into…………… parts

Ledger is classified into the following except………..

SHOLA

Trading, profit, and loss account for year ended 31^st December, 2014.

What is the amount of closing stock?

SHOLA

Trading, profit, and loss account for year ended 31^st December, 2014.

What is the amount of Gross profit?

1. N 35,000
2. N 25,000
3. N 20,000
4. N 15,000
5. 5,000

SHOLA

Trading, profit, and loss account for year ended 31^st December, 2014.

The amount of sales is

The following items are recorded at the debit side of trial balance except

The document sent by the seller to the buyer at regular intervals showing credits and debits is known as……………..

What is the amount of rent received?

What is the total balance on the debit side?

The returns inwards amount is

Extract a trail balance as at 31^st June, 2015.

Jan. 1.          Started business with cash 10,500

Jan. 3.          Sold goods for cash 6,200

Jan. 5.          Bought office equipment with cash 5,300

Jan. 8.          Debtors

What is the total balance on the debit side?

Extract a trail balance as at 31^st June, 2015.

Jan. 1.          Started business with cash 10,500

Jan. 3.          Sold goods for cash 6,200

Jan. 5.          Bought office equipment with cash 5,300

Jan. 8.          Debtors

What is the amount of debtors?

The general ledger includes the following accounts except

Which of the following items is not recorded in the single column cash book?

The book that tests the arithmetical accuracy in the ledger is known as…….

Which of the following is recorded on the right hand is of the trail balance?

The final accounts consist of the following except…….

The document issued when cash transaction is made as an evidence of payment is called…………

Which of the following is not a fixed assets?

In which of  the following is narration necessary to show the nature of the transaction?