NSSCO Accounting (6143) Practice Questions - Namibia Senior Secondary Certificate Ordinary Level Accounting (Syllabus 6143) Exam - NSSCO Accounting (6143) Practice Questions - Namibia Senior Secondary Certificate Ordinary Level Accounting (Syllabus 6143) Exam

Question 1

According to the business entity principle, which item is recorded as a business asset in the books of a Windhoek sole trader?

The owner's personal home in Klein Windhoek Inventory of goods held for sale by the shop The owner's private motor vehicle used only for family travel School fees paid for the owner's children from personal savings

Correct Answer:

Inventory of goods held for sale by the shop

Question 2

Which equation correctly states the accounting equation used in NSSCO Accounting?

Assets = Liabilities − Capital Assets = Capital − Liabilities Assets = Capital + Liabilities Assets + Capital = Liabilities

Correct Answer:

Assets = Capital + Liabilities

Question 3

A trader buys goods on credit for N$8,500. What is the immediate effect on the accounting equation?

Assets increase N$8,500; capital increases N$8,500 Assets increase N$8,500; liabilities increase N$8,500 Assets decrease N$8,500; liabilities decrease N$8,500 Assets increase N$8,500; liabilities decrease N$8,500

Correct Answer:

Assets increase N$8,500; liabilities increase N$8,500

Question 4

Which users of accounting information are primarily interested in whether a Namibian business can repay loans on time?

Competitors comparing product ranges Lenders and banks assessing credit risk Customers deciding which brand to buy Employees choosing holiday destinations

Correct Answer:

Lenders and banks assessing credit risk

Question 5

The money measurement concept means that:

Only transactions that can be expressed in monetary terms are recorded in the books Every employee must be paid in Namibian dollars rather than foreign currency Assets must always be recorded at current market selling price The business must keep the same amount of cash in the bank each month

Correct Answer:

Only transactions that can be expressed in monetary terms are recorded in the books

Question 1

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Prepare with the NSSCO Accounting (6143) Practice Questions - Namibia Senior Secondary Certificate Ordinary Level Accounting (Syllabus 6143) Exam practice quiz. This question bank includes 100 questions covering cash, year, credit, account, and balance. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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NSSCO Accounting (6143) Practice Questions - Namibia Senior Secondary Certificate Ordinary Level Accounting (Syllabus 6143) Exam

This practice set contains 100 questions from the matching question bank and focuses on cash, year, credit, account, and balance. 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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NSSCO Accounting (6143) Practice Questions - Namibia Senior Secondary Certificate Ordinary Level Accounting (Syllabus 6143) Exam

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