EPCSE Business Accounting 5921 Practice Questions - Eswatini Prevocational Certificate of Secondary Education - Business Accounting (5921) Exam - EPCSE Business Accounting 5921 Practice Questions - Eswatini Prevocational Certificate of Secondary Education

Question 1

What is the primary purpose of accounting in a small enterprise?

To record, classify, summarise and communicate financial information for decision-making To set selling prices for all goods without reference to costs To replace the need for any cash control procedures To guarantee that the business will always make a profit

Correct Answer:

To record, classify, summarise and communicate financial information for decision-making

Question 2

How does bookkeeping differ from accounting?

Bookkeeping is the routine recording of transactions; accounting includes classifying, summarising, interpreting and reporting Bookkeeping only prepares the statement of financial position; accounting only records cash Bookkeeping is used only by limited companies; accounting is used only by sole traders There is no difference; the terms mean exactly the same thing in EPCSE

Correct Answer:

Bookkeeping is the routine recording of transactions; accounting includes classifying, summarising, interpreting and reporting

Question 3

Which user of accounting information is most likely to use the records to decide whether to grant a loan to a small business?

A financial institution (bank) A shop-floor employee checking daily sales targets only A customer buying goods for cash at the till A competitor trying to copy product designs

Correct Answer:

A financial institution (bank)

Question 4

Which accounting principle requires that the business transactions are kept separate from the owner personal transactions?

Business entity Money measurement Historical cost Consistency

Correct Answer:

Business entity

Question 5

Under the money measurement principle, transactions are recorded in which unit in Eswatini business accounting?

Emalangeni (E / SZL) Only physical units such as kilograms of stock Only labour hours worked Foreign currency only, never Emalangeni

Correct Answer:

Emalangeni (E / SZL)

Question 1

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Prepare with the EPCSE Business Accounting 5921 Practice Questions - Eswatini Prevocational Certificate of Secondary Education - Business Accounting (5921) Exam practice quiz. This question bank includes 100 questions covering cost, cash, accounting, capital, and book. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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EPCSE Business Accounting 5921 Practice Questions - Eswatini Prevocational Certificate of Secondary Education - Business Accounting (5921) Exam

This practice set contains 100 questions from the matching question bank and focuses on cost, cash, accounting, capital, and book. 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.

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EPCSE Business Accounting 5921 Practice Questions - Eswatini Prevocational Certificate of Secondary Education - Business Accounting (5921) Exam

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