BGCSE Accounting 0614 Practice Questions - Botswana BGCSE Accounting (Syllabus 0614) Exam - BGCSE Accounting 0614 Practice Questions - Botswana BGCSE Accounting (Syllabus 0614) Exam

Question 1

What is the primary purpose of accounting in a business organization?

To record, summarize, and communicate financial information to decision makers To ensure that all employees are paid their monthly salaries on time To set the prices for all goods and services sold by the business To prevent competitors from discovering the firm's trading secrets

Correct Answer:

To record, summarize, and communicate financial information to decision makers

Question 2

Which source document is issued by a seller to a buyer when goods are sold on credit?

Debit note Sales invoice Cheque counterfoil Till receipt

Correct Answer:

Sales invoice

Question 3

A business issues a credit note to a customer. In which book of prime entry is this transaction recorded by the business?

Purchases returns journal Sales journal Sales returns journal General journal

Correct Answer:

Sales returns journal

Question 4

How is trade discount treated in the double-entry accounting records of a trader?

Debited to the trade discount account in the general ledger Credited to the discount allowed account in the general ledger Deducted on the invoice so only the net amount is recorded in the ledger Added to the gross total of the sales journal at the end of the month

Correct Answer:

Deducted on the invoice so only the net amount is recorded in the ledger

Question 5

At the end of the month, the total of the Sales Journal is P15,400. What is the correct double-entry posting to the general ledger?

Debit Sales account P15,400, Credit Trade Receivables control account P15,400 Debit Trade Receivables control account P15,400, Credit Sales account P15,400 Debit Cash account P15,400, Credit Sales account P15,400 Debit Purchases account P15,400, Credit Trade Payables control account P15,400

Correct Answer:

Debit Trade Receivables control account P15,400, Credit Sales account P15,400

Question 1

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Prepare with the BGCSE Accounting 0614 Practice Questions - Botswana BGCSE Accounting (Syllabus 0614) Exam practice quiz. This question bank includes 100 questions covering balance, cash, account, entry, and credit. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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BGCSE Accounting 0614 Practice Questions - Botswana BGCSE Accounting (Syllabus 0614) Exam

This practice set contains 100 questions from the matching question bank and focuses on balance, cash, account, entry, and credit. 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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BGCSE Accounting 0614 Practice Questions - Botswana BGCSE Accounting (Syllabus 0614) Exam

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