Register
Question 1
Which accounting principle states that every financial transaction has two equal and opposite effects in the ledger?
Correct Answer:
Duality Principle
Question 2
A business sells goods on credit to a customer for P4,500. Which source document is issued to the customer to request payment?
Correct Answer:
Sales Invoice
Question 3
A trader's cash book shows a bank column debit balance of P12,000. Customer M. Tau pays an outstanding debt of P3,000 by cheque, taking advantage of a 5% cash discount for prompt settlement. What is the updated bank column debit balance in the cash book?
Correct Answer:
P14,850
Question 4
A petty cash float is maintained at P1,500 under the imprest system. During May, petty cash vouchers paid were: cleaning P340, stationery P210, and taxi fares P180. How much cash must be restored to the petty cashier at the end of May to restore the float?
Correct Answer:
P730
Question 5
Goods purchased on credit for P1,200 were returned to supplier K. Boitumelo. In which book of prime entry and ledgers are these returns recorded?
Correct Answer:
Purchases Returns Journal; debit K. Boitumelo account in Purchases Ledger and credit Purchases Returns in General Ledger
Question 1
Exam overview

About this Exam

Prepare with the BGCSE Accounting 1442 Practice Questions - BEC BGCSE BSSE Accounting (Syllabus 1442) Exam practice quiz. This question bank includes 100 questions covering cash, balance, account, december, and year. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

More details

Additional Information

BGCSE Accounting 1442 Practice Questions - BEC BGCSE BSSE Accounting (Syllabus 1442) Exam

This practice set contains 100 questions from the matching question bank and focuses on cash, balance, account, december, and year. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

Quiz information

Frequently Asked Questions

The complete question count is available after full access is unlocked.
No fixed duration is currently configured for this quiz.
Question explanations are included where they are available in the quiz content, helping you review the reasoning after answering.
Yes. You can retake the practice test again as you continue studying during your available access period.
After your access is confirmed, you can continue into the complete practice exam from this quiz flow.
Unless explicitly stated otherwise, this page provides independent practice material for study and exam preparation and is not the official examination itself.
Keep studying

Related Questions

ASU ACC232 Financial Accounting Practice Exam

0 min

ASU ACC241 Uses of Accounting II Exam 3 Practice

0 min

ASU ACC502 Financial Accounting Practice Exam Study Guide

0 min

AAT Level 4 Applied Management Accounting Practice Exam

0 min

AAT Level 2 Accounting Practice Exam

0 min

BPA Advanced Accounting Practice Test

0 min