ahmed binu hanbal pri &sec school\nimtixanka final fasalka 12 - ds\nsanad dug 2024 - 2025 maadada…

ahmed binu hanbal pri &sec school\nimtixanka final fasalka 12 - ds\nsanad dug 2024 - 2025 maadada: business\nmagaca ardayga ckaashi cali omar\nsection one: multiple choice (50 marks)\n1. —— is the company’s revenue or services displayed at the very top of the statement\na. sales revenue b. cost of goods sold\nc. gross profit d. none\n2. —— is the list of balances of the ledger accounts posted in compliance with the double - entry accounting concept\na. balance sheet b. adjusted trial balance\nc. trial balance d. income statement\n3. —— something a business owns or controls\na. asset b. liabilities c. owner’s equity d. cash follow statement\n4. —— at the end of the accounting period, the company makes the accounts ready for the next period, this is called\na. owners’ equity b. trial balance c. closing the books d. finance\n5. the aspect of the economics which deals with the government revenue and expenditure is —\na. fiscal policy b. public finance c. public issue d. fiscal speculation\n6. all of the following are objectives fiscal policy except —\na. full employment b. adequate distribution of wealth c. economic development\nd. corruption nation\n7. in what element of the marketing mix lie the benefits that the consumer gets?\na. pricing b. the product c. distribution d. promotion\n8. wholesaler deals in —— quantity of goods\na. large b. medium c. limited d. small\n9. the purchase of goods from a foreign country is called\na. export b. re - export c. entrepôt d. import\n10. which of the following is an important document in foreign trade\na. a letter of ceremony b. a draft c. a letter of greeting d. bill of landing\n11. buying and selling of goods and services in large quantities for the purpose of resale or intermediate is use by —\na. wholesale trader b. both wholesaler and retail trader c. retail trader d. consumer\npage 1 of 5

ahmed binu hanbal pri &sec school\nimtixanka final fasalka 12 - ds\nsanad dug 2024 - 2025 maadada: business\nmagaca ardayga ckaashi cali omar\nsection one: multiple choice (50 marks)\n1. —— is the company’s revenue or services displayed at the very top of the statement\na. sales revenue b. cost of goods sold\nc. gross profit d. none\n2. —— is the list of balances of the ledger accounts posted in compliance with the double - entry accounting concept\na. balance sheet b. adjusted trial balance\nc. trial balance d. income statement\n3. —— something a business owns or controls\na. asset b. liabilities c. owner’s equity d. cash follow statement\n4. —— at the end of the accounting period, the company makes the accounts ready for the next period, this is called\na. owners’ equity b. trial balance c. closing the books d. finance\n5. the aspect of the economics which deals with the government revenue and expenditure is —\na. fiscal policy b. public finance c. public issue d. fiscal speculation\n6. all of the following are objectives fiscal policy except —\na. full employment b. adequate distribution of wealth c. economic development\nd. corruption nation\n7. in what element of the marketing mix lie the benefits that the consumer gets?\na. pricing b. the product c. distribution d. promotion\n8. wholesaler deals in —— quantity of goods\na. large b. medium c. limited d. small\n9. the purchase of goods from a foreign country is called\na. export b. re - export c. entrepôt d. import\n10. which of the following is an important document in foreign trade\na. a letter of ceremony b. a draft c. a letter of greeting d. bill of landing\n11. buying and selling of goods and services in large quantities for the purpose of resale or intermediate is use by —\na. wholesale trader b. both wholesaler and retail trader c. retail trader d. consumer\npage 1 of 5

Answer

Brief Explanations:

  1. Sales revenue is the top - line item representing a company's revenue from services or goods sales.
  2. A trial balance lists ledger account balances following the double - entry accounting concept.
  3. An asset is something a business owns or controls.
  4. Closing the books is the process of preparing accounts for the next accounting period.
  5. Public finance deals with government revenue and expenditure.
  6. Corruption is not an objective of fiscal policy; the others are.
  7. The product element of the marketing mix includes consumer benefits.
  8. Wholesalers deal in large quantities of goods.
  9. Import is the purchase of goods from a foreign country.
  10. A bill of lading is an important foreign trade document.
  11. A wholesale trader buys and sells goods in large quantities for resale or intermediate use.

Answer:

  1. A. Sales revenue
  2. C. Trial Balance
  3. A. Asset
  4. C. Closing The Books
  5. B. Public finance
  6. D. Corruption nation
  7. B. The product
  8. A. Large
  9. D. Import
  10. D. Bill of landing
  11. A. Wholesale trader